Diversify Wealth Management LLC Buys 38,292 Shares of Lam Research Co. (NASDAQ:LRCX)

Diversify Wealth Management LLC increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 290.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,486 shares of the semiconductor company's stock after buying an additional 38,292 shares during the period. Diversify Wealth Management LLC's holdings in Lam Research were worth $3,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Blair William & Co. IL raised its position in shares of Lam Research by 8.0% during the second quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company's stock worth $6,128,000 after acquiring an additional 426 shares during the last quarter. MQS Management LLC bought a new stake in Lam Research during the 2nd quarter worth about $228,000. Benjamin Edwards Inc. lifted its position in Lam Research by 5.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company's stock valued at $341,000 after purchasing an additional 17 shares during the period. AE Wealth Management LLC boosted its stake in shares of Lam Research by 22.5% in the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company's stock valued at $1,019,000 after purchasing an additional 176 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Lam Research by 6.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company's stock worth $37,967,000 after buying an additional 2,288 shares during the period. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 1.4 %

Shares of NASDAQ LRCX traded up $1.08 during mid-day trading on Monday, hitting $80.30. The company had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market capitalization of $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth 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. The firm has a 50-day simple moving average of $74.73 and a two-hundred day simple moving average of $80.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company 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 firm's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.85 EPS. On average, equities analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LRCX. Mizuho cut their price objective on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Barclays reduced their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday. Sanford C. Bernstein dropped their price objective on Lam Research from $95.00 to $85.00 and set a "market perform" rating for the company in a report on Friday, November 29th. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group lowered their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.