Flagship Harbor Advisors LLC Has $425,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

Flagship Harbor Advisors LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 832.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,890 shares of the semiconductor company’s stock after purchasing an additional 5,258 shares during the period. Flagship Harbor Advisors LLC’s holdings in Lam Research were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in Lam Research by 3.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,533 shares of the semiconductor company’s stock worth $1,633,000 after acquiring an additional 58 shares during the period. Quarry LP grew its stake in Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the period. Advisory Alpha LLC bought a new stake in Lam Research in the second quarter worth approximately $256,000. 3Chopt Investment Partners LLC acquired a new position in Lam Research in the second quarter valued at approximately $1,105,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Lam Research by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 28,382 shares of the semiconductor company’s stock worth $30,224,000 after buying an additional 585 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 1.5 %

NASDAQ LRCX opened at $74.51 on Wednesday. The business’s fifty day moving average is $75.53 and its 200-day moving average is $79.37. 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 stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.53 and a beta of 1.45. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LRCX. Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. B. Riley cut their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.