Capital Advisors Inc. OK Purchases 26,770 Shares of Lam Research Co. (NASDAQ:LRCX)

Capital Advisors Inc. OK raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 900.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,744 shares of the semiconductor company’s stock after acquiring an additional 26,770 shares during the period. Capital Advisors Inc. OK’s holdings in Lam Research were worth $2,148,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Certuity LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at about $1,489,000. Beacon Financial Group boosted its holdings in shares of Lam Research by 918.9% during the 4th quarter. Beacon Financial Group now owns 5,431 shares of the semiconductor company’s stock valued at $392,000 after acquiring an additional 4,898 shares during the last quarter. Sather Financial Group Inc boosted its holdings in shares of Lam Research by 900.0% during the 4th quarter. Sather Financial Group Inc now owns 4,370 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 3,933 shares during the last quarter. Ridgeline Wealth Planning LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at about $563,000. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Lam Research by 1,119.9% during the 4th quarter. Leavell Investment Management Inc. now owns 23,789 shares of the semiconductor company’s stock valued at $1,724,000 after acquiring an additional 21,839 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.6 %

Lam Research stock opened at $83.26 on Wednesday. The stock has a market cap of $106.88 billion, a P/E ratio of 25.29, a PEG ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm’s 50 day moving average price is $77.03 and its 200-day moving average price is $78.01.

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

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LRCX shares. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. B. Riley dropped their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.72.

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.