Arkadios Wealth Advisors Grows Holdings in Lam Research Co. (NASDAQ:LRCX)

Arkadios Wealth Advisors increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 387.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,631 shares of the semiconductor company's stock after acquiring an additional 35,467 shares during the quarter. Arkadios Wealth Advisors' holdings in Lam Research were worth $3,224,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LRCX. Gabelli Funds LLC lifted its holdings in shares of Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock worth $319,000 after purchasing an additional 16 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Lam Research by 5.6% in the second 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. Insigneo Advisory Services LLC grew its holdings in shares of Lam Research by 2.6% during the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after buying an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 27 shares during the last quarter. Finally, Holderness Investments Co. lifted its position in Lam Research by 6.8% in the 2nd quarter. Holderness Investments Co. now owns 583 shares of the semiconductor company's stock valued at $621,000 after acquiring an additional 37 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.4 %

Shares of LRCX stock traded up $1.08 on Friday, hitting $80.30. 10,347,143 shares of the company's stock traded hands, compared to its average volume of 9,876,011. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45. The company's fifty day simple moving average is $74.73 and its 200 day simple moving average is $80.81. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business's revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.85 earnings per share. Equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research's payout ratio is currently 29.77%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LRCX. The Goldman Sachs Group reduced their price objective 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. Sanford C. Bernstein cut their price objective 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. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Stifel Nicolaus reissued a "buy" rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, Barclays decreased their price objective on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $95.77.

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.