Ibex Wealth Advisors Acquires New Shares in Lam Research Co. (NASDAQ:LRCX)

Ibex Wealth Advisors acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,008 shares of the semiconductor company's stock, valued at approximately $1,229,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new position in shares of Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC raised 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 buying an additional 135 shares in the last quarter. Finley Financial LLC acquired a new position in shares of Lam Research during the 4th quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC raised 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 worth $36,000 after buying an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Lam Research during the 4th quarter worth $37,000. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX traded up $5.58 during trading hours on Thursday, hitting $80.73. 24,864,255 shares of the company's stock traded hands, compared to its average volume of 12,672,383. The firm has a market cap of $103.87 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The business's fifty day simple moving average is $75.72 and its two-hundred day simple moving average is $78.93. 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 (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. On average, research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Lam Research's dividend payout ratio is currently 29.74%.

Analyst Ratings Changes

A number of brokerages have issued reports on LRCX. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday. Mizuho cut their target price on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. BNP Paribas upgraded Lam Research to a "hold" rating in a research report on Thursday, October 24th. Cantor Fitzgerald upgraded Lam Research from a "neutral" rating to an "overweight" rating and upped their target price for the company from $95.00 to $100.00 in a research report on Thursday. Finally, Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $85.00 to $91.00 in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $95.72.

Lam Research Company 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.