Global Financial Private Client LLC Acquires New Position in Lam Research Co. (NASDAQ:LRCX)

Global Financial Private Client LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,277 shares of the semiconductor company’s stock, valued at approximately $670,000.

Other large investors have also added to or reduced their stakes in the company. Signal Advisors Wealth LLC lifted its holdings in Lam Research by 975.1% in the 4th quarter. Signal Advisors Wealth LLC now owns 16,256 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 14,744 shares in the last quarter. Tealwood Asset Management Inc. raised its position in shares of Lam Research by 903.5% during the fourth quarter. Tealwood Asset Management Inc. now owns 17,792 shares of the semiconductor company’s stock valued at $1,285,000 after buying an additional 16,019 shares during the last quarter. Dale Q Rice Investment Management Ltd bought a new stake in Lam Research in the 4th quarter valued at $469,000. AdvisorNet Financial Inc lifted its stake in Lam Research by 972.6% in the 4th quarter. AdvisorNet Financial Inc now owns 6,618 shares of the semiconductor company’s stock worth $478,000 after purchasing an additional 6,001 shares in the last quarter. Finally, Parisi Gray Wealth Management boosted its holdings 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 valued at $603,000 after purchasing an additional 7,241 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.3 %

LRCX stock opened at $74.45 on Tuesday. The firm’s 50-day moving average is $74.72 and its 200 day moving average is $81.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a market capitalization of $95.79 billion, a PE ratio of 24.06, a P/E/G 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 for the quarter, beating 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company posted $6.85 EPS. Lam Research’s revenue was up 19.7% on a year-over-year basis. On average, research analysts anticipate that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend 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 presently 29.77%.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. BNP Paribas upgraded Lam Research to a “hold” rating in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, November 29th. Citigroup lowered their price objective on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company reduced their target price on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Lam Research 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.