Lam Research Co. (NASDAQ:LRCX) Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 893.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,496 shares of the semiconductor company's stock after buying an additional 16,634 shares during the period. Triangle Securities Wealth Management's holdings in Lam Research were worth $1,336,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HB Wealth Management LLC acquired a new stake in shares of Lam Research during the fourth quarter worth approximately $7,476,000. KRS Capital Management LLC grew its holdings in Lam Research by 909.1% during the 4th quarter. KRS Capital Management LLC now owns 14,460 shares of the semiconductor company's stock worth $1,044,000 after acquiring an additional 13,027 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Lam Research by 716.0% in the 4th quarter. Trust Co. of Vermont now owns 31,961 shares of the semiconductor company's stock worth $2,309,000 after purchasing an additional 28,044 shares during the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of Lam Research by 760.5% in the 4th quarter. Premier Path Wealth Partners LLC now owns 3,270 shares of the semiconductor company's stock valued at $236,000 after purchasing an additional 2,890 shares in the last quarter. Finally, Cohen Klingenstein LLC lifted its position in shares of Lam Research by 900.0% during the fourth quarter. Cohen Klingenstein LLC now owns 15,000 shares of the semiconductor company's stock worth $1,083,000 after purchasing an additional 13,500 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX traded up $1.08 on Friday, reaching $80.30. The company had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The company has a fifty day moving average of $74.73 and a 200-day moving average of $80.81. 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned $6.85 earnings per share. As a group, equities research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued 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 dividend payout ratio (DPR) is 29.77%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday. B. Riley lowered their price target on Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Wells Fargo & Company lowered 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 research note on Monday, January 13th. Finally, BNP Paribas upgraded shares of Lam Research to a "hold" rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.