Wood Tarver Financial Group LLC Purchases New Shares in Lam Research Co. (NASDAQ:LRCX)

Wood Tarver Financial Group LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,870 shares of the semiconductor company's stock, valued at approximately $1,940,000. Lam Research comprises 0.6% of Wood Tarver Financial Group LLC's investment portfolio, making the stock its 23rd largest position.

Several other large investors also recently made changes to their positions in the business. Castle Rock Wealth Management LLC bought a new stake in shares of Lam Research during the fourth quarter worth $245,000. Probity Advisors Inc. lifted its stake in shares of Lam Research by 859.0% during the fourth quarter. Probity Advisors Inc. now owns 36,144 shares of the semiconductor company's stock valued at $2,611,000 after acquiring an additional 32,375 shares during the period. Siemens Fonds Invest GmbH lifted its stake in shares of Lam Research by 900.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 64,240 shares of the semiconductor company's stock valued at $4,635,000 after acquiring an additional 57,816 shares during the period. BridgePort Financial Solutions LLC acquired a new position in shares of Lam Research during the fourth quarter valued at $201,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Lam Research during the fourth quarter valued at $31,000. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 0.2%

LRCX stock traded up $0.16 during mid-day trading on Thursday, reaching $84.16. The company had a trading volume of 8,238,101 shares, compared to its average volume of 12,245,665. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock has a 50 day simple moving average of $73.27 and a two-hundred day simple moving average of $75.83. The company has a market capitalization of $107.65 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. Lam Research's dividend payout ratio is currently 25.63%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LRCX. UBS Group cut their price target on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. B. Riley reaffirmed a "buy" rating on shares of Lam Research in a research report on Thursday, April 24th. Bank of America dropped their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Mizuho raised their price target on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Jefferies Financial Group raised their price target on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 28th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.