Aaron Wealth Advisors LLC Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

Aaron Wealth Advisors LLC lifted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 995.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,786 shares of the semiconductor company's stock after purchasing an additional 7,984 shares during the quarter. Aaron Wealth Advisors LLC's holdings in Lam Research were worth $635,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL boosted its position in Lam Research by 8.0% during the second quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company's stock worth $6,128,000 after purchasing an additional 426 shares in the last quarter. MQS Management LLC purchased a new position in shares of Lam Research during the 2nd quarter valued at approximately $228,000. Benjamin Edwards Inc. lifted its position in shares of Lam Research by 5.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company's stock valued at $341,000 after buying an additional 17 shares in the last quarter. AE Wealth Management LLC grew its stake in Lam Research by 22.5% in the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company's stock valued at $1,019,000 after acquiring an additional 176 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in Lam Research by 6.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company's stock worth $37,967,000 after acquiring an additional 2,288 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.4 %

Shares of LRCX stock traded up $1.08 during trading on Monday, hitting $80.30. 10,347,143 shares of the stock traded hands, compared to its average volume of 9,876,011. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The firm's fifty day moving average price is $74.73 and its 200-day moving average price is $80.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.85 EPS. As a group, research analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is 29.74%.

Analyst Ratings Changes

LRCX has been the topic of several research analyst reports. Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Morgan Stanley lifted their price objective on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Cantor Fitzgerald reissued a "neutral" rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. B. Riley lowered their price target on Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price 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.