2,900 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Bill Few Associates Inc.

Bill Few Associates Inc. acquired a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,900 shares of the semiconductor company’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently bought and sold shares of the business. AE Wealth Management LLC lifted its holdings in Lam Research by 22.5% during the second quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock worth $1,019,000 after acquiring an additional 176 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 16 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 27 shares during the period. Public Sector Pension Investment Board increased its position in Lam Research by 76.3% during the second quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after buying an additional 2,159 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Lam Research by 12.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 852 shares of the semiconductor company’s stock worth $909,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $83.25 on Thursday. The firm’s fifty day moving average price is $75.11 and its two-hundred day moving average price is $80.06. The stock has a market cap of $107.12 billion, a PE ratio of 26.91, a PEG ratio of 1.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.85 EPS. On average, equities analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research reports. Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Sanford C. Bernstein cut their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Finally, Barclays dropped their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

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.