Diversify Wealth Management LLC Increases Position in Lam Research Co. (NASDAQ:LRCX)

Diversify Wealth Management LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 290.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 51,486 shares of the semiconductor company’s stock after buying an additional 38,292 shares during the period. Diversify Wealth Management LLC’s holdings in Lam Research were worth $3,843,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. West Oak Capital LLC lifted its position in shares of Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its holdings in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in Lam Research in the 4th quarter worth approximately $37,000. Eagle Bay Advisors LLC grew its holdings in Lam Research by 484.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 460 shares in the last quarter. Finally, Cranbrook Wealth Management LLC raised its position in shares of Lam Research by 900.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several research analyst reports. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley lifted their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Friday. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Trading Up 1.4 %

Shares of NASDAQ LRCX opened at $80.30 on Monday. The business’s 50 day moving average price is $74.73 and its 200-day moving average price is $80.81. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $6.85 earnings per share. On average, sell-side analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is 29.77%.

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.