Global Financial Private Client LLC Acquires New Holdings in Lam Research Co. (NASDAQ:LRCX)

Global Financial Private Client LLC bought a new position in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,277 shares of the semiconductor company’s stock, valued at approximately $670,000.

Several other large investors have also recently bought and sold shares of the company. West Oak Capital LLC boosted its stake in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the period. Eagle Bay Advisors LLC raised its holdings in shares of Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 460 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Lam Research by 896.7% during the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 538 shares during the last quarter. Highline Wealth Partners LLC grew its holdings in shares of Lam Research by 879.7% during the fourth quarter. Highline Wealth Partners LLC now owns 676 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 607 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of Lam Research in the fourth quarter worth approximately $54,000. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LRCX shares. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.59.

Lam Research Trading Down 0.3 %

NASDAQ:LRCX opened at $74.45 on Tuesday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a market cap of $95.79 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.22 and a beta of 1.45. The company’s 50 day moving average price is $74.72 and its 200-day moving average price is $81.43. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the company posted $6.85 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, equities research analysts forecast that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is currently 29.77%.

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.