Moss Adams Wealth Advisors LLC Grows Stake in Lam Research Co. (NASDAQ:LRCX)

Moss Adams Wealth Advisors LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 836.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,922 shares of the semiconductor company’s stock after purchasing an additional 2,610 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Lam Research were worth $212,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its stake in Lam Research by 8.0% in the 2nd quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company’s stock worth $6,128,000 after buying an additional 426 shares during the period. MQS Management LLC purchased a new position in shares of Lam Research during the second quarter worth $228,000. Benjamin Edwards Inc. boosted its position in Lam Research by 5.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 17 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Lam Research by 22.5% during the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock valued at $1,019,000 after acquiring an additional 176 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Lam Research by 6.9% during the second quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company’s stock valued at $37,967,000 after purchasing an additional 2,288 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LRCX. B. Riley dropped their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company cut their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday. Finally, The Goldman Sachs Group decreased their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Trading Up 1.4 %

NASDAQ LRCX opened at $80.30 on Monday. The stock has a 50-day simple moving average of $74.73 and a 200 day simple moving average of $80.81. The company has a market capitalization of $103.32 billion, a PE ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business 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%. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.85 earnings per share. Research analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm 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 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.77%.

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.