Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Zhang Financial LLC

Zhang Financial LLC raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 962.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,717 shares of the semiconductor company's stock after acquiring an additional 3,367 shares during the quarter. Zhang Financial LLC's holdings in Lam Research were worth $268,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Gabelli Funds LLC grew its holdings in Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock valued at $319,000 after purchasing an additional 16 shares during the period. Insigneo Advisory Services LLC grew its stake in shares of Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after acquiring an additional 23 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 27 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in Lam Research by 2.4% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company's stock worth $1,693,000 after acquiring an additional 49 shares during the period. Finally, Quarry LP boosted its position in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company's stock worth $94,000 after purchasing an additional 56 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LRCX shares. Mizuho lowered their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. B. Riley reduced their price objective on Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group lowered their price target 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. Wells Fargo & Company dropped their price objective on shares of Lam Research from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, StockNews.com downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $95.77.

Lam Research Price Performance

NASDAQ LRCX traded up $1.20 during trading hours on Tuesday, hitting $81.50. 10,510,539 shares of the company's stock traded hands, compared to its average volume of 10,750,448. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm's 50-day moving average is $74.81 and its 200-day moving average is $80.43. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market capitalization of $104.87 billion, a PE ratio of 26.34, a PEG ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (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 firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the firm posted $6.85 earnings per share. Lam Research's quarterly revenue was up 19.7% on a year-over-year basis. Equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research's dividend payout ratio is presently 29.74%.

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.