Financial Partners Group LLC Purchases 79,110 Shares of Lam Research Co. (NASDAQ:LRCX)

Financial Partners Group LLC increased its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 900.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,900 shares of the semiconductor company's stock after buying an additional 79,110 shares during the quarter. Lam Research makes up 2.6% of Financial Partners Group LLC's holdings, making the stock its 12th biggest position. Financial Partners Group LLC's holdings in Lam Research were worth $6,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LRCX. Gabelli Funds LLC lifted its position in shares of Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock valued at $319,000 after buying an additional 16 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Lam Research by 2.6% during the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock worth $966,000 after purchasing an additional 23 shares during the period. Trust Co. of Toledo NA OH lifted its holdings 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 purchasing an additional 49 shares during the last quarter. Quarry LP grew its holdings in 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. Finally, Sunbelt Securities Inc. increased its position in Lam Research by 3.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,533 shares of the semiconductor company's stock worth $1,633,000 after buying an additional 58 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 1.9 %

LRCX traded down $1.55 during trading on Friday, reaching $79.68. 9,088,621 shares of the company's stock were exchanged, compared to its average volume of 11,192,125. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The firm has a fifty day moving average price of $75.24 and a two-hundred day moving average price of $80.07. The stock has a market capitalization of $102.52 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. Lam Research's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.85 earnings per share. As a group, equities research analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared 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 was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research's payout ratio is 29.74%.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research reports. B. Riley decreased their price target on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. StockNews.com downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Mizuho decreased their target price on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Barclays lowered their price objective on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Finally, Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $95.77.

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.