Centerpoint Advisors LLC Has $72,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Centerpoint Advisors LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000 shares of the semiconductor company’s stock after purchasing an additional 900 shares during the period. Centerpoint Advisors LLC’s holdings in Lam Research were worth $72,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAM Holding AG raised its holdings in Lam Research by 1,925.8% in the 4th quarter. GAM Holding AG now owns 81,031 shares of the semiconductor company’s stock valued at $5,853,000 after acquiring an additional 77,031 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Lam Research by 1,052.4% in the 4th quarter. Venturi Wealth Management LLC now owns 16,525 shares of the semiconductor company’s stock worth $1,194,000 after purchasing an additional 15,091 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Lam Research by 1,304.5% during the fourth quarter. D.A. Davidson & CO. now owns 96,154 shares of the semiconductor company’s stock worth $6,945,000 after acquiring an additional 89,308 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Lam Research by 874.5% in the fourth quarter. Empower Advisory Group LLC now owns 31,282 shares of the semiconductor company’s stock valued at $2,259,000 after purchasing an additional 28,072 shares in the last quarter. Finally, Truist Financial Corp grew its position in Lam Research by 924.1% in the fourth quarter. Truist Financial Corp now owns 430,176 shares of the semiconductor company’s stock valued at $31,072,000 after purchasing an additional 388,172 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Down 0.7 %

LRCX opened at $82.75 on Tuesday. The business has a fifty day simple moving average of $77.48 and a 200-day simple moving average of $77.86. 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 Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The firm has a market cap of $106.22 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, equities analysts expect that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LRCX shares. Mizuho dropped their price target 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. 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 report on Friday, January 10th. Finally, Wells Fargo & Company lifted their target price on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research 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.