Atticus Wealth Management LLC Has $84,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Atticus Wealth Management LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 901.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,162 shares of the semiconductor company’s stock after purchasing an additional 1,046 shares during the period. Atticus Wealth Management LLC’s holdings in Lam Research were worth $84,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC bought a new position in shares of Lam Research in the second quarter worth about $1,597,000. Scientech Research LLC raised its position in Lam Research by 82.8% in the 2nd quarter. Scientech Research LLC now owns 746 shares of the semiconductor company’s stock worth $794,000 after purchasing an additional 338 shares during the last quarter. Creative Planning boosted its position in Lam Research by 1.4% in the 2nd quarter. Creative Planning now owns 46,231 shares of the semiconductor company’s stock valued at $49,229,000 after buying an additional 639 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Lam Research in the 2nd quarter valued at $261,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Lam Research by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 49,056 shares of the semiconductor company’s stock worth $52,246,000 after acquiring an additional 433 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Down 1.9 %

NASDAQ:LRCX opened at $79.68 on Monday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $75.43 and its two-hundred day moving average price is $79.86.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. Lam Research’s payout ratio is 29.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LRCX shares. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Mizuho cut their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

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.