Diversify Advisory Services LLC Has $2.78 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Diversify Advisory Services LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,270 shares of the semiconductor company's stock after buying an additional 5,454 shares during the period. Diversify Advisory Services LLC's holdings in Lam Research were worth $2,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parisi Gray Wealth Management increased its holdings in Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after buying an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY acquired a new stake in shares of Lam Research in the fourth quarter worth about $815,000. Jennison Associates LLC raised its stake in shares of Lam Research by 20.0% in the 3rd quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company's stock valued at $194,451,000 after acquiring an additional 39,725 shares in the last quarter. Creative Planning lifted its holdings in Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock worth $38,664,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Lam Research by 68.7% in the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock worth $29,372,000 after buying an additional 14,658 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.4 %

Shares of LRCX stock traded up $1.08 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 debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The stock has a market cap of $103.32 billion, a PE ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45. The stock 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 announced its quarterly earnings data 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. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the previous year, the business posted $6.85 EPS. The company's quarterly revenue was up 19.7% compared to the same quarter last year. Equities research analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued 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 dividend payout ratio is presently 29.74%.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. Mizuho cut their target price on Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. BNP Paribas raised shares of Lam Research to a "hold" rating in a report on Thursday, October 24th. StockNews.com cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Wolfe Research cut Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. 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, the company has a consensus rating of "Moderate Buy" and an average price target 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.