Lam Research Co. (NASDAQ:LRCX) Holdings Boosted by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 898.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,870 shares of the semiconductor company’s stock after acquiring an additional 16,081 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Lam Research were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. acquired a new position in Lam Research during the 4th quarter valued at about $27,000. West Oak Capital LLC boosted its position in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 135 shares during the period. Finley Financial LLC bought a new position in Lam Research in the 4th quarter worth approximately $30,000. Householder Group Estate & Retirement Specialist LLC increased its position in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 307 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new stake in Lam Research during the 4th quarter valued at $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $91.00 in a research note on Thursday. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Performance

Lam Research stock opened at $80.73 on Friday. The firm’s 50 day simple moving average is $75.88 and its 200-day simple moving average is $78.94. 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 fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a market cap of $103.87 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. As a group, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 annualized dividend and a dividend yield of 1.14%. Lam Research’s payout ratio is 27.95%.

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.