Alhambra Investment Management LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,476 shares of the semiconductor company's stock, valued at approximately $251,000.
Several other institutional investors have also recently made changes to their positions in LRCX. Gabelli Funds LLC lifted its stake in shares of Lam Research by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock worth $319,000 after buying an additional 16 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Lam Research by 5.6% during the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company's stock worth $341,000 after acquiring an additional 17 shares during the last quarter. Insigneo Advisory Services LLC grew its position in shares of Lam Research by 2.6% in the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after purchasing an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Lam Research by 7.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock worth $405,000 after buying an additional 27 shares during the period. Finally, Holderness Investments Co. increased its position in Lam Research by 6.8% during the second quarter. Holderness Investments Co. now owns 583 shares of the semiconductor company's stock worth $621,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.
Analyst Upgrades and Downgrades
LRCX has been the topic of a number of analyst reports. B. Riley reduced their price target on Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. BNP Paribas raised shares of Lam Research to a "hold" rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $95.77.
Get Our Latest Analysis on LRCX
Lam Research Stock Up 1.4 %
Shares of LRCX stock traded up $1.08 during trading hours on Friday, reaching $80.30. The company had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. The business has a fifty day simple moving average of $74.73 and a 200-day simple moving average of $80.81. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. 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 released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $6.85 earnings per share. On average, research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.
Lam Research Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 annualized dividend and a yield of 1.15%. Lam Research's dividend payout ratio is currently 29.77%.
About Lam Research
(
Free Report)
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.
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