Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC lifted its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 899.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,608 shares of the semiconductor company's stock after purchasing an additional 3,247 shares during the quarter. Stillwater Capital Advisors LLC's holdings in Lam Research were worth $261,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parisi Gray Wealth Management boosted its stake in shares of Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after purchasing an additional 7,241 shares during the period. Burns J W & Co. Inc. NY bought a new stake in Lam Research in the fourth quarter worth about $815,000. Jennison Associates LLC boosted its position in shares of Lam Research by 20.0% during the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company's stock valued at $194,451,000 after buying an additional 39,725 shares during the period. Creative Planning raised its holdings in shares of Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock worth $38,664,000 after buying an additional 1,146 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock worth $29,372,000 after acquiring an additional 14,658 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday. Mizuho decreased their price objective on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, January 10th. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Morgan Stanley lifted their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $95.77.

Lam Research Stock Up 1.4 %

NASDAQ:LRCX traded up $1.08 during midday trading on Friday, reaching $80.30. 10,347,143 shares of the stock traded hands, compared to its average volume of 9,876,011. The business has a 50-day moving average of $74.73 and a two-hundred day moving average of $80.81. 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 Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The stock has a market capitalization of $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $4.06 billion. During the same quarter last year, the firm earned $6.85 EPS. The business's quarterly revenue was up 19.7% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued 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 1.15%. Lam Research's dividend payout ratio (DPR) is currently 29.77%.

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.