Foundations Investment Advisors LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,106.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,986 shares of the semiconductor company's stock after buying an additional 65,104 shares during the quarter. Foundations Investment Advisors LLC's holdings in Lam Research were worth $5,127,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of LRCX. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at approximately $27,000. West Oak Capital LLC increased its holdings in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares in the last quarter. Finley Financial LLC bought a new position in shares of Lam Research in the 4th quarter valued at $30,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Lam Research during the 4th quarter worth $37,000. 84.61% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of Lam Research in a report on Thursday. Cantor Fitzgerald raised Lam Research from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $95.00 to $100.00 in a research report on Thursday. Finally, KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.72.
Check Out Our Latest Report on LRCX
Lam Research Stock Up 0.4 %
Shares of LRCX stock traded up $0.32 on Friday, reaching $81.05. 16,561,452 shares of the company were exchanged, compared to its average volume of 12,861,312. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market cap of $104.29 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45. The company has a 50-day moving average of $75.88 and a 200-day moving average of $78.94. 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 data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. 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 announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's payout ratio is presently 27.95%.
About Lam Research
(
Free Report)
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.
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