Gradient Capital Advisors LLC Has $1.65 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Gradient Capital Advisors LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 898.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,883 shares of the semiconductor company's stock after purchasing an additional 20,592 shares during the period. Gradient Capital Advisors LLC's holdings in Lam Research were worth $1,653,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quent Capital LLC grew its position in Lam Research by 870.3% in the 4th quarter. Quent Capital LLC now owns 5,676 shares of the semiconductor company's stock worth $410,000 after purchasing an additional 5,091 shares during the last quarter. Weatherly Asset Management L. P. lifted its stake in shares of Lam Research by 900.0% in the fourth quarter. Weatherly Asset Management L. P. now owns 20,330 shares of the semiconductor company's stock valued at $1,473,000 after buying an additional 18,297 shares during the period. Cigna Investments Inc. New grew its position in Lam Research by 880.4% during the fourth quarter. Cigna Investments Inc. New now owns 13,226 shares of the semiconductor company's stock worth $955,000 after buying an additional 11,877 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Lam Research by 900.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 600 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 540 shares during the period. Finally, Sovran Advisors LLC acquired a new position in Lam Research in the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 84.61% of the company's stock.

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Lam Research Trading Down 0.7 %

Shares of Lam Research stock traded down $0.55 during trading on Friday, reaching $82.75. 9,148,909 shares of the company were exchanged, compared to its average volume of 12,627,698. The firm has a market capitalization of $106.22 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46. The business has a 50-day moving average price of $77.48 and a 200-day moving average price of $77.99. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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 51.86%. Sell-side analysts anticipate that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRCX. Stifel Nicolaus reissued a "buy" rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research report on Friday, January 17th. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Finally, Mizuho decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.