Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Advisory Resource Group

Advisory Resource Group increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 898.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,540 shares of the semiconductor company’s stock after purchasing an additional 5,885 shares during the quarter. Advisory Resource Group’s holdings in Lam Research were worth $472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its position in shares of Lam Research by 903.5% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 20,350 shares of the semiconductor company’s stock valued at $1,470,000 after acquiring an additional 18,322 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Lam Research by 878.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 44,497 shares of the semiconductor company’s stock worth $3,214,000 after purchasing an additional 39,950 shares during the period. Kingsview Wealth Management LLC increased its holdings in Lam Research by 955.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 56,282 shares of the semiconductor company’s stock valued at $4,065,000 after purchasing an additional 50,949 shares during the last quarter. Apollon Wealth Management LLC raised its position in Lam Research by 611.2% in the fourth quarter. Apollon Wealth Management LLC now owns 23,177 shares of the semiconductor company’s stock valued at $1,674,000 after purchasing an additional 19,918 shares during the period. Finally, Byrne Asset Management LLC lifted its stake in Lam Research by 856.9% during the fourth quarter. Byrne Asset Management LLC now owns 1,110 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 994 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LRCX. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Performance

Shares of LRCX opened at $82.33 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock has a 50 day moving average price of $76.92 and a 200 day moving average price of $78.32. The company has a market capitalization of $105.68 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Research analysts predict that Lam Research Co. will post 3.69 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is currently 27.95%.

Lam Research 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.