Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 480.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,167 shares of the semiconductor company's stock after acquiring an additional 4,277 shares during the period. Kingswood Wealth Advisors LLC's holdings in Lam Research were worth $373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. PFG Investments LLC increased its position in Lam Research by 591.6% during the fourth quarter. PFG Investments LLC now owns 8,230 shares of the semiconductor company's stock valued at $594,000 after acquiring an additional 7,040 shares during the last quarter. Tennessee Valley Asset Management Partners boosted its stake in shares of Lam Research by 900.9% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,344 shares of the semiconductor company's stock worth $314,000 after purchasing an additional 3,910 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Lam Research by 967.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 78,823 shares of the semiconductor company's stock valued at $5,693,000 after purchasing an additional 71,439 shares during the last quarter. Regatta Capital Group LLC raised its position in Lam Research by 882.0% in the 4th quarter. Regatta Capital Group LLC now owns 8,141 shares of the semiconductor company's stock worth $588,000 after purchasing an additional 7,312 shares during the period. Finally, Guerra Pan Advisors LLC boosted its position in shares of Lam Research by 900.0% during the fourth quarter. Guerra Pan Advisors LLC now owns 4,800 shares of the semiconductor company's stock valued at $347,000 after buying an additional 4,320 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LRCX shares. 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 report on Friday, January 17th. Wells Fargo & Company lifted their target price on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday. Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, B. Riley dropped their target price on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.72.

Lam Research Stock Up 0.4 %

Lam Research stock traded up $0.32 during trading hours on Friday, reaching $81.05. The stock had a trading volume of 18,832,123 shares, compared to its average volume of 12,981,670. 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 business's 50 day moving average price is $75.88 and its 200-day moving average price is $78.94. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. 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 posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. Sell-side analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is presently 27.95%.

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.