Center For Asset Management LLC Purchases Shares of 2,994 Lam Research Co. (NASDAQ:LRCX)

Center For Asset Management LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,994 shares of the semiconductor company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. Lighthouse Investment Partners LLC acquired a new position in Lam Research during the second quarter valued at approximately $1,597,000. Scientech Research LLC lifted its stake in Lam Research by 82.8% in the second quarter. Scientech Research LLC now owns 746 shares of the semiconductor company’s stock valued at $794,000 after acquiring an additional 338 shares during the last quarter. Creative Planning grew its position in shares of Lam Research by 1.4% in the 2nd quarter. Creative Planning now owns 46,231 shares of the semiconductor company’s stock valued at $49,229,000 after acquiring an additional 639 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at about $261,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Lam Research by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 49,056 shares of the semiconductor company’s stock valued at $52,246,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Down 1.9 %

Shares of LRCX opened at $79.68 on Monday. The business’s fifty day moving average is $75.43 and its 200-day moving average is $79.63. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market cap of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45.

Lam Research Dividend Announcement

The business also recently declared 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 presently 29.74%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LRCX. Mizuho reduced their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley upped 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. B. Riley reduced their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.