MBM Wealth Consultants LLC Grows Position in Lam Research Co. (NASDAQ:LRCX)

MBM Wealth Consultants LLC boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 977.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,358 shares of the semiconductor company’s stock after acquiring an additional 13,932 shares during the period. MBM Wealth Consultants LLC’s holdings in Lam Research were worth $1,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of LRCX. Quarry LP increased its holdings in Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 56 shares during the last quarter. NCP Inc. bought a new stake in shares of Lam Research during the 2nd quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC purchased a new position in Lam Research during the second quarter valued at $226,000. Finally, Advisory Alpha LLC purchased a new stake in Lam Research in the second quarter worth about $256,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.5 %

Shares of NASDAQ LRCX opened at $81.50 on Wednesday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The business’s 50 day moving average is $74.81 and its two-hundred day moving average is $80.43. The stock has a market capitalization of $104.87 billion, a P/E ratio of 26.34, a PEG ratio of 1.48 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, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.85 EPS. As a group, research analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LRCX shares. Morgan Stanley boosted their price objective 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. The Goldman Sachs Group reduced 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. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. B. Riley dropped their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.77.

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.