Lam Research Co. (NASDAQ:LRCX) Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 919.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,509 shares of the semiconductor company's stock after buying an additional 9,478 shares during the period. KPP Advisory Services LLC's holdings in Lam Research were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Atwood & Palmer Inc. purchased a new position in shares of Lam Research during the fourth quarter worth about $27,000. West Oak Capital LLC grew its holdings in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Country Trust Bank grew its holdings in shares of Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Finley Financial LLC purchased a new position in shares of Lam Research during the fourth quarter worth about $30,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 307 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock opened at $81.05 on Monday. The firm has a 50 day moving average of $76.05 and a 200-day moving average of $78.76. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a market cap of $104.29 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts expect that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. 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 27.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LRCX shares. BNP Paribas raised Lam Research to a "hold" rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. KeyCorp raised 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. Finally, Wells Fargo & Company raised their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.72.

Lam Research 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.

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