Lam Research Co. (NASDAQ:LRCX) Shares Acquired by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 901.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,807 shares of the semiconductor company's stock after purchasing an additional 20,529 shares during the period. GPS Wealth Strategies Group LLC's holdings in Lam Research were worth $1,647,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cypress Capital Group raised its position in shares of Lam Research by 3.7% during the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock valued at $2,987,000 after buying an additional 132 shares during the period. Savvy Advisors Inc. lifted its stake in shares of Lam Research by 58.3% in the 3rd quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company's stock valued at $297,000 after purchasing an additional 134 shares during the last quarter. West Oak Capital LLC grew its holdings in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 135 shares during the period. Baldwin Investment Management LLC increased its position in shares of Lam Research by 1.4% during the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock worth $8,364,000 after purchasing an additional 137 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC raised its holdings in Lam Research by 10.1% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock valued at $1,272,000 after buying an additional 143 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on LRCX shares. BNP Paribas raised shares of Lam Research to a "hold" rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Thursday. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Cantor Fitzgerald upgraded Lam Research from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $95.00 to $100.00 in a research report on Thursday. Finally, Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.72.

Lam Research Stock Up 0.4 %

LRCX traded up $0.32 on Friday, reaching $81.05. The company's stock had a trading volume of 18,832,123 shares, compared to its average volume of 10,796,216. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a 50 day moving average of $76.05 and a two-hundred day moving average of $78.76. The company has a market capitalization of $104.29 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. As a group, 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 given a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. Lam Research's dividend payout ratio (DPR) is presently 27.95%.

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.