Capital Investment Advisors LLC Buys 32,903 Shares of Lam Research Co. (NASDAQ:LRCX)

Capital Investment Advisors LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,376.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,293 shares of the semiconductor company’s stock after purchasing an additional 32,903 shares during the quarter. Capital Investment Advisors LLC’s holdings in Lam Research were worth $2,549,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Gabelli Funds LLC lifted its holdings in shares of Lam Research by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 16 shares during the period. Benjamin Edwards Inc. boosted its holdings in Lam Research by 5.6% during the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 17 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Lam Research by 2.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after purchasing an additional 23 shares during the period. Stock Yards Bank & Trust Co. raised its holdings in shares of Lam Research by 8.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 316 shares of the semiconductor company’s stock worth $336,000 after buying an additional 25 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Lam Research by 7.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $74.45 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The business’s fifty day moving average is $74.72 and its 200-day moving average is $81.43. The company has a market cap of $95.79 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.24%. Lam Research’s dividend payout ratio is 29.77%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LRCX. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group cut their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company decreased their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday. Sanford C. Bernstein cut their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Finally, StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.59.

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.