HB Wealth Management LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 103,505 shares of the semiconductor company's stock, valued at approximately $7,476,000.
Several other large investors have also made changes to their positions in the business. Quarry LP lifted its stake in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company's stock worth $94,000 after purchasing an additional 56 shares in the last quarter. NCP Inc. bought a new stake in shares of Lam Research in the second quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company's stock worth $163,000 after buying an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC bought a new position in Lam Research during the second quarter valued at approximately $226,000. Finally, MQS Management LLC purchased a new position in Lam Research during the 2nd quarter valued at approximately $228,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
Lam Research Stock Up 1.4 %
Shares of LRCX stock traded up $1.08 during mid-day trading on Friday, hitting $80.30. 10,347,143 shares of the stock traded hands, compared to its average volume of 9,876,011. The stock's fifty day moving average is $74.73 and its two-hundred day 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 Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock has a market cap of $103.32 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 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 company had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same quarter in the prior year, the company posted $6.85 earnings per share. Lam Research's revenue for the quarter was up 19.7% compared to the same quarter last year. Equities analysts predict that Lam Research Co. will post 3.51 EPS for the current year.
Lam Research Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given 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 dividend payout ratio is currently 29.77%.
Wall Street Analyst Weigh In
LRCX has been the topic of several recent research reports. The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. StockNews.com downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Mizuho dropped their price objective on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Sanford C. Bernstein decreased their target price on shares of Lam Research from $95.00 to $85.00 and set a "market perform" rating on the stock in a research report on Friday, November 29th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.77.
Read Our Latest Stock Analysis on LRCX
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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