YHB Investment Advisors Inc. Makes New $8.27 Million Investment in Lam Research Corporation (NASDAQ:LRCX)

YHB Investment Advisors Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,707 shares of the semiconductor company's stock, valued at approximately $8,266,000.

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

Lam Research Stock Up 4.4%

Shares of NASDAQ:LRCX traded up $4.02 during trading on Tuesday, reaching $95.63. 12,291,281 shares of the stock traded hands, compared to its average volume of 12,306,926. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $113.00. The stock has a market cap of $122.32 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 1.27 and a beta of 1.65. The stock has a 50-day moving average of $80.10 and a two-hundred day moving average of $77.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the business posted $7.79 EPS. The company's revenue for the quarter was up 24.4% on a year-over-year basis. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.96%. Lam Research's dividend payout ratio is currently 25.63%.

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. Cantor Fitzgerald increased their price target on Lam Research from $90.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday. Wells Fargo & Company cut their price target on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Bank of America lowered their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Argus raised shares of Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.97.

Lam Research Profile

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.