Kingsview Wealth Management LLC Acquires 50,949 Shares of Lam Research Co. (NASDAQ:LRCX)

Kingsview Wealth Management LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 955.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,282 shares of the semiconductor company’s stock after purchasing an additional 50,949 shares during the period. Kingsview Wealth Management LLC’s holdings in Lam Research were worth $4,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares during the last quarter. Sunflower Bank N.A. bought a new position in shares of Lam Research in the third quarter valued at approximately $202,000. Insight Wealth Partners LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $202,000. B&L Asset Management LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $204,000. Finally, CWC Advisors LLC. bought a new position in shares of Lam Research in the third quarter valued at approximately $220,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LRCX. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Barclays dropped their price objective 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 lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Morgan Stanley upped their price target 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. Finally, KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Trading Down 0.6 %

Shares of NASDAQ LRCX opened at $82.33 on Friday. The company’s fifty day moving average is $76.92 and its 200-day moving average is $78.32. The stock has a market cap of $105.68 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.37 and a beta of 1.46. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities research analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.12%. Lam Research’s dividend payout ratio is currently 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.