Magnus Financial Group LLC Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Magnus Financial Group LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 5,437.5% during the 4th quarter, Holdings Channel reports. The firm owned 22,759 shares of the semiconductor company’s stock after acquiring an additional 22,348 shares during the period. Magnus Financial Group LLC’s holdings in Lam Research were worth $1,644,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LRCX. Quarry LP lifted its holdings in 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 buying an additional 56 shares during the period. NCP Inc. bought a new stake in Lam Research in the second quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the period. Mill Creek Capital Advisors LLC bought a new position in Lam Research in the 2nd quarter worth $226,000. Finally, Advisory Alpha LLC purchased a new stake in shares of Lam Research in the 2nd quarter worth about $256,000. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley upped their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. B. Riley decreased their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Trading Up 3.7 %

Shares of LRCX stock opened at $83.24 on Wednesday. The stock has a fifty day simple moving average of $74.92 and a two-hundred day simple moving average of $80.24. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market capitalization of $107.10 billion, a PE ratio of 26.34, a PEG ratio of 1.48 and a beta of 1.45. 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 (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the company earned $6.85 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

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.