Clarius Group LLC Invests $710,000 in Lam Research Co. (NASDAQ:LRCX)

Clarius Group LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 9,834 shares of the semiconductor company’s stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gabelli Funds LLC raised its stake in shares of Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 16 shares during the last quarter. Benjamin Edwards Inc. raised its position in Lam Research by 5.6% during 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 during the last quarter. Insigneo Advisory Services LLC lifted its holdings in Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after buying an additional 23 shares during the period. 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 buying an additional 27 shares during the last quarter. Finally, Holderness Investments Co. increased its stake in shares of Lam Research by 6.8% in the second quarter. Holderness Investments Co. now owns 583 shares of the semiconductor company’s stock valued at $621,000 after buying an additional 37 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.4 %

NASDAQ:LRCX opened at $80.30 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market cap of $103.32 billion, a PE ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The firm has a 50-day moving average of $74.73 and a 200-day moving average of $80.99.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion during 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%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $6.85 earnings per share. As a group, equities research analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s payout ratio is 29.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group reduced their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, KeyCorp raised 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. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.