4,190 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,190 shares of the semiconductor company's stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also made changes to their positions in LRCX. Van ECK Associates Corp grew its position in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. State Street Corp grew its holdings in shares of Lam Research by 1.6% during the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock worth $4,817,113,000 after buying an additional 94,086 shares during the last quarter. Geode Capital Management LLC increased its position in Lam Research by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock valued at $2,539,413,000 after acquiring an additional 64,053 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Lam Research during the 4th quarter valued at approximately $175,652,000. Finally, Fisher Asset Management LLC lifted its position in Lam Research by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company's stock worth $1,527,273,000 after acquiring an additional 11,093 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $1.08 during midday trading on Monday, reaching $80.30. The company's stock had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. 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. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $74.73 and a 200 day moving average price of $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 analysts' consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the previous year, the firm posted $6.85 EPS. The company's quarterly revenue was up 19.7% on a year-over-year basis. On average, equities research analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research's payout ratio is 29.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LRCX shares. StockNews.com cut Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research note on Friday. Barclays dropped their price target on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Lam Research from $83.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley boosted their target price on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $95.77.

Lam Research Company 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.