Resonant Capital Advisors LLC Acquires 4,515 Shares of Lam Research Co. (NASDAQ:LRCX)

Resonant Capital Advisors LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 606.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,259 shares of the semiconductor company’s stock after purchasing an additional 4,515 shares during the period. Resonant Capital Advisors LLC’s holdings in Lam Research were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Czech National Bank increased its stake in Lam Research by 6.6% in the third quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock valued at $21,674,000 after acquiring an additional 1,645 shares during the last quarter. McLean Asset Management Corp increased its position in shares of Lam Research by 891.8% during the 3rd quarter. McLean Asset Management Corp now owns 4,820 shares of the semiconductor company’s stock valued at $3,934,000 after purchasing an additional 4,334 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Lam Research by 37.1% during the 3rd quarter. Fulton Bank N.A. now owns 1,857 shares of the semiconductor company’s stock valued at $1,515,000 after buying an additional 503 shares in the last quarter. New England Research & Management Inc. lifted its position in Lam Research by 270.0% in the 3rd quarter. New England Research & Management Inc. now owns 1,850 shares of the semiconductor company’s stock worth $1,510,000 after buying an additional 1,350 shares during the last quarter. Finally, Kesler Norman & Wride LLC purchased a new stake in Lam Research in the third quarter worth approximately $422,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Friday, January 17th. The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Barclays dropped their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

LRCX stock opened at $80.19 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm has a 50-day moving average of $76.05 and a 200 day moving average of $78.56. The company has a market cap of $103.18 billion, a P/E ratio of 24.36, a PEG ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 27.95%.

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.