Dynamic Advisor Solutions LLC Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

Dynamic Advisor Solutions LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 537.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,147 shares of the semiconductor company’s stock after buying an additional 11,083 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Lam Research were worth $950,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Quarry LP increased its stake in shares of Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares in the last quarter. NCP Inc. purchased a new stake in shares of Lam Research in the second quarter valued at approximately $213,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares during the period. Advisory Alpha LLC purchased a new position in shares of Lam Research during the 2nd quarter valued at approximately $256,000. Finally, Silver Lake Advisory LLC acquired a new stake in Lam Research in the 2nd quarter valued at $261,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $79.68 on Monday. The business’s fifty day simple moving average is $75.43 and its 200-day simple moving average is $79.86. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $102.52 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.74%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LRCX. BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Barclays reduced their target price 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. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus reissued 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. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.