Retirement Wealth Solutions LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Retirement Wealth Solutions LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 625 shares of the semiconductor company’s stock, valued at approximately $47,000.

Several other institutional investors have also made changes to their positions in the stock. Quarry LP increased its stake in shares of Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the last quarter. NCP Inc. acquired a new stake in shares of Lam Research in the second quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the period. Mill Creek Capital Advisors LLC acquired a new position in Lam Research in the 2nd quarter valued at $226,000. Finally, MQS Management LLC acquired a new stake in shares of Lam Research in the second quarter valued at about $228,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.4 %

Shares of LRCX stock opened at $80.30 on Friday. 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 company has a market capitalization of $103.32 billion, a P/E 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 firm has a 50-day moving average price of $74.68 and a 200 day moving average price of $80.99.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the company earned $6.85 EPS. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. Research analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. 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 is currently 29.74%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

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.