Westfuller Advisors LLC Raises Holdings in Lam Research Co. (NASDAQ:LRCX)

Westfuller Advisors LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 817.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,571 shares of the semiconductor company's stock after buying an additional 7,637 shares during the quarter. Westfuller Advisors LLC's holdings in Lam Research were worth $621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Vanguard Group Inc. increased its stake in shares of Lam Research by 892.7% during the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after buying an additional 108,619,564 shares during the period. FMR LLC increased its position in shares of Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after purchasing an additional 36,496,689 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after purchasing an additional 31,255,726 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after purchasing an additional 28,307,499 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Lam Research during the 4th quarter worth $1,661,672,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded up $2.88 during trading hours on Tuesday, reaching $83.94. The company had a trading volume of 9,525,842 shares, compared to its average volume of 12,249,832. The company has a market capitalization of $107.37 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00. The firm has a 50 day simple moving average of $72.98 and a 200-day simple moving average of $75.72. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company posted $7.79 earnings per share. Research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.10%. Lam Research's dividend payout ratio is presently 25.63%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mizuho increased their target price on Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. B. Riley reaffirmed a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Evercore ISI raised their target price on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Jefferies Financial Group boosted their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Finally, Barclays lowered their price target on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $91.56.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.