Brady Martz Wealth Solutions LLC Buys Shares of 4,453 Lam Research Co. (NASDAQ:LRCX)

Brady Martz Wealth Solutions LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,453 shares of the semiconductor company's stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gabelli Funds LLC boosted its stake in Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock valued at $319,000 after buying an additional 16 shares during the last quarter. Benjamin Edwards Inc. raised its holdings 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 worth $341,000 after acquiring an additional 17 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after acquiring an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Lam Research by 7.6% in the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock valued at $405,000 after purchasing an additional 27 shares in the last quarter. Finally, Holderness Investments Co. increased its position in Lam Research by 6.8% in the second quarter. Holderness Investments Co. now owns 583 shares of the semiconductor company's stock worth $621,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 1.4 %

Shares of LRCX traded up $1.08 during midday trading on Monday, reaching $80.30. 10,347,143 shares of the stock were exchanged, compared to its average volume of 9,876,011. The company has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company's 50 day moving average is $74.73 and its two-hundred day moving average is $80.63.

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

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. 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 dividend payout ratio (DPR) is 29.74%.

Analysts Set New Price Targets

Several equities analysts have commented on LRCX shares. Morgan Stanley increased their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Wells Fargo & Company lowered their price target on shares of Lam Research from $83.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research note on Friday. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.