Wealthquest Corp Acquires 3,173 Shares of Lam Research Co. (NASDAQ:LRCX)

Wealthquest Corp grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 941.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,510 shares of the semiconductor company's stock after purchasing an additional 3,173 shares during the quarter. Wealthquest Corp's holdings in Lam Research were worth $254,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. AE Wealth Management LLC grew its holdings in shares of Lam Research by 22.5% during the second quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company's stock valued at $1,019,000 after purchasing an additional 176 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Lam Research by 6.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company's stock worth $37,967,000 after buying an additional 2,288 shares during the last quarter. Gabelli Funds LLC lifted its stake in 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. EverSource Wealth Advisors LLC boosted its holdings in shares of Lam Research by 7.6% during the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock valued at $405,000 after acquiring an additional 27 shares during the period. Finally, DRW Securities LLC grew its position in shares of Lam Research by 205.4% during the second quarter. DRW Securities LLC now owns 791 shares of the semiconductor company's stock worth $844,000 after acquiring an additional 532 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 1.5 %

Lam Research stock traded up $1.20 during midday trading on Tuesday, hitting $81.50. 10,815,147 shares of the stock were exchanged, compared to its average volume of 11,020,497. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $104.87 billion, a PE ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45. The company has a fifty day simple moving average of $74.81 and a two-hundred day simple moving average of $80.43.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research's revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $6.85 earnings per share. Equities research analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 dividend on an annualized basis and a yield of 1.13%. Lam Research's dividend payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LRCX shares. Wells Fargo & Company reduced 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. Stifel Nicolaus reiterated a "buy" rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. StockNews.com cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. B. Riley cut their target price on Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Finally, Mizuho lowered their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus 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.