Foster Victor Wealth Advisors LLC Acquires 11,990 Shares of Lam Research Co. (NASDAQ:LRCX)

Foster Victor Wealth Advisors LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,891 shares of the semiconductor company’s stock after purchasing an additional 11,990 shares during the period. Lam Research makes up 1.4% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Lam Research were worth $17,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 56 shares during the last quarter. NCP Inc. bought a new stake in Lam Research during the 2nd quarter worth approximately $213,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the last quarter. Advisory Alpha LLC bought a new position in shares of Lam Research in the second quarter valued at approximately $256,000. Finally, Sunflower Bank N.A. purchased a new position in shares of Lam Research during the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LRCX shares. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. B. Riley dropped their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Mizuho reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $74.51 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a market cap of $95.87 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The stock has a fifty day moving average of $75.62 and a 200-day moving average of $79.15.

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 given 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 dividend yield of 1.23%. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

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.