Financial Advisors LLC Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Financial Advisors LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the semiconductor company's stock after acquiring an additional 5,850 shares during the period. Financial Advisors LLC's holdings in Lam Research were worth $469,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LRCX. Gabelli Funds LLC boosted its position in 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. boosted its holdings in Lam Research by 5.6% during the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company's stock worth $341,000 after buying an additional 17 shares in the last quarter. Insigneo Advisory Services LLC grew its position in 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 period. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 27 shares in the last quarter. Finally, Holderness Investments Co. raised its position in shares of 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 acquiring an additional 37 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.4 %

Shares of NASDAQ:LRCX traded up $1.08 during midday trading on Friday, reaching $80.30. 10,347,143 shares of the company's stock were exchanged, compared to its average volume of 9,876,011. The stock has a market cap 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. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm's 50 day simple moving average is $74.73 and its two-hundred day simple moving average is $80.81. 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 (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm earned $6.85 EPS. The business's revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LRCX shares. Sanford C. Bernstein reduced their price target 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. Wells Fargo & Company reduced their target price on Lam Research from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Stifel Nicolaus reissued a "buy" rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. BNP Paribas upgraded shares of Lam Research to a "hold" rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently 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.