Transform Wealth LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

Transform Wealth LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 238,334 shares of the semiconductor company's stock, valued at approximately $17,269,000. Lam Research makes up 1.0% of Transform Wealth LLC's holdings, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpha Cubed Investments LLC increased its position in Lam Research by 346.2% during the 4th quarter. Alpha Cubed Investments LLC now owns 12,680 shares of the semiconductor company's stock valued at $916,000 after buying an additional 9,838 shares in the last quarter. Segment Wealth Management LLC increased its holdings in shares of Lam Research by 899.0% during the fourth quarter. Segment Wealth Management LLC now owns 20,450 shares of the semiconductor company's stock valued at $1,477,000 after acquiring an additional 18,403 shares in the last quarter. Perpetual Ltd raised its position in shares of Lam Research by 501.4% in the 4th quarter. Perpetual Ltd now owns 9,202 shares of the semiconductor company's stock valued at $665,000 after purchasing an additional 7,672 shares during the last quarter. Lmcg Investments LLC acquired a new stake in Lam Research in the 4th quarter worth approximately $8,552,000. Finally, Trust Asset Management LLC grew its position in Lam Research by 900.0% during the 4th quarter. Trust Asset Management LLC now owns 15,580 shares of the semiconductor company's stock worth $1,125,000 after purchasing an additional 14,022 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of Lam Research stock traded up $2.01 during mid-day trading on Tuesday, reaching $82.31. 6,161,579 shares of the stock traded hands, compared to its average volume of 10,627,196. The business has a 50-day moving average of $74.81 and a 200 day moving average of $80.43. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $105.90 billion, a PE ratio of 26.59, a PEG ratio of 1.48 and a beta of 1.45. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the prior year, the business earned $6.85 earnings per share. The company's quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.12%. Lam Research's dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LRCX shares. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. BNP Paribas upgraded Lam Research to a "hold" rating in a research note on Thursday, October 24th. Sanford C. Bernstein dropped their target price on Lam Research from $95.00 to $85.00 and set a "market perform" rating on the stock in a research report on Friday, November 29th. Finally, StockNews.com lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $95.77.

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.