Atria Wealth Solutions Inc. Has $4.83 Million Position in Lam Research Co. (NASDAQ:LRCX)

Atria Wealth Solutions Inc. increased its position in Lam Research Co. (NASDAQ:LRCX) by 3,518.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,679 shares of the semiconductor company’s stock after buying an additional 64,836 shares during the period. Atria Wealth Solutions Inc.’s holdings in Lam Research were worth $4,829,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LRCX. Van ECK Associates Corp raised its position in shares of Lam Research by 1,394.7% in the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the period. Swedbank AB raised its holdings in Lam Research by 1,488.8% in the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after acquiring an additional 2,875,843 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Lam Research by 827.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock worth $228,285,000 after acquiring an additional 2,819,668 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Lam Research during the fourth quarter valued at about $175,652,000. Finally, Principal Financial Group Inc. grew its position in shares of Lam Research by 949.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,625,490 shares of the semiconductor company’s stock valued at $189,639,000 after purchasing an additional 2,375,385 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LRCX. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Mizuho reduced their price objective on 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 reduced their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, BNP Paribas upgraded Lam Research to a “hold” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Trading Up 1.2 %

Shares of LRCX opened at $87.66 on Thursday. The stock has a fifty day moving average price of $78.00 and a two-hundred day moving average price of $77.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market cap of $112.53 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.36 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.05%. Lam Research’s dividend payout ratio (DPR) is currently 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.