AdvisorNet Financial Inc Has $478,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

AdvisorNet Financial Inc increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 972.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,618 shares of the semiconductor company's stock after buying an additional 6,001 shares during the quarter. AdvisorNet Financial Inc's holdings in Lam Research were worth $478,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its position in shares of Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company's stock valued at $94,000 after buying an additional 56 shares in the last quarter. NCP Inc. bought a new position in Lam Research in the second quarter valued at approximately $213,000. Migdal Insurance & Financial Holdings Ltd. raised its position in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company's stock valued at $163,000 after purchasing an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC bought a new stake in Lam Research during the second quarter worth $226,000. Finally, MQS Management LLC acquired a new stake in shares of Lam Research in the 2nd quarter valued at $228,000. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LRCX shares. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Needham & Company LLC reissued a "buy" rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Wells Fargo & Company dropped their target price on shares of Lam Research from $83.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Sanford C. Bernstein lowered their price objective on shares of Lam Research from $95.00 to $85.00 and set a "market perform" rating for the company in a research report on Friday, November 29th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.59.

Lam Research Trading Up 1.5 %

NASDAQ:LRCX opened at $76.15 on Thursday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The firm's fifty day moving average is $74.70 and its 200-day moving average is $81.22. The firm has a market cap of $97.98 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the business posted $6.85 EPS. The business's revenue was up 19.7% compared to the same quarter last year. Equities analysts expect that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. Lam Research's dividend payout ratio is currently 29.77%.

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.