SS&H Financial Advisors Inc. Purchases 26,197 Shares of Lam Research Co. (NASDAQ:LRCX)

SS&H Financial Advisors Inc. lifted its position in Lam Research Co. (NASDAQ:LRCX) by 931.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,008 shares of the semiconductor company’s stock after buying an additional 26,197 shares during the period. SS&H Financial Advisors Inc.’s holdings in Lam Research were worth $2,096,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Board of the Pension Protection Fund acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $433,000. Fifth Third Wealth Advisors LLC boosted its stake in Lam Research by 1,093.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 39,369 shares of the semiconductor company’s stock worth $2,844,000 after purchasing an additional 36,070 shares during the period. Crestmont Private Wealth LLC increased its holdings in Lam Research by 1,136.6% during the 4th quarter. Crestmont Private Wealth LLC now owns 3,314 shares of the semiconductor company’s stock worth $239,000 after purchasing an additional 3,046 shares in the last quarter. Oak Thistle LLC bought a new position in Lam Research during the 4th quarter worth about $528,000. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of Lam Research by 906.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 35,644 shares of the semiconductor company’s stock valued at $2,575,000 after purchasing an additional 32,103 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 0.8 %

LRCX stock opened at $75.06 on Wednesday. The stock has a market cap of $96.58 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. The company has a fifty day moving average price of $74.70 and a two-hundred day moving average price of $81.22. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. 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 (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.85 EPS. Equities analysts anticipate 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. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.23%. Lam Research’s payout ratio is currently 29.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LRCX shares. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. The Goldman Sachs Group cut their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Sanford C. Bernstein reduced 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 report on Friday, November 29th. Wells Fargo & Company lowered their price target 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. Finally, Morgan Stanley increased their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.59.

About Lam Research

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.