Alpha Cubed Investments LLC Grows Stake in Lam Research Co. (NASDAQ:LRCX)

Alpha Cubed Investments LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 346.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,680 shares of the semiconductor company's stock after purchasing an additional 9,838 shares during the quarter. Alpha Cubed Investments LLC's holdings in Lam Research were worth $916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. Parisi Gray Wealth Management lifted its stake in shares of Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after buying an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY purchased a new position in Lam Research in the 4th quarter worth approximately $815,000. Jennison Associates LLC boosted its holdings in shares of Lam Research by 20.0% during the 3rd quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company's stock worth $194,451,000 after purchasing an additional 39,725 shares during the last quarter. Creative Planning grew its position in shares of Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock valued at $38,664,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Lam Research by 68.7% in the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock valued at $29,372,000 after purchasing an additional 14,658 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

Lam Research stock traded up $2.01 during midday trading on Tuesday, reaching $82.31. 6,161,579 shares of the company's stock were exchanged, compared to its average volume of 10,627,196. The stock's 50-day simple moving average is $74.81 and its 200 day simple moving average is $80.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market cap of $105.90 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.48 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.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the firm earned $6.85 EPS. The business's quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed 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 dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is 29.74%.

Analyst Ratings Changes

LRCX has been the topic of several recent research reports. Mizuho cut their target price on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus restated a "buy" rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Sanford C. Bernstein decreased their price target on Lam Research from $95.00 to $85.00 and set a "market perform" rating for the company in a report on Friday, November 29th. Finally, Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.77.

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.