Diversify Advisory Services LLC Has $2.78 Million Position in Lam Research Co. (NASDAQ:LRCX)

Diversify Advisory Services LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,270 shares of the semiconductor company’s stock after acquiring an additional 5,454 shares during the quarter. Diversify Advisory Services LLC’s holdings in Lam Research were worth $2,782,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. West Oak Capital LLC raised its holdings in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 135 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its holdings in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 307 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Lam Research in the fourth quarter worth about $37,000. Eagle Bay Advisors LLC boosted its stake in shares of Lam Research by 484.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 460 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its holdings in shares of Lam Research by 900.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX opened at $80.30 on Monday. The stock has a market cap of $103.32 billion, a P/E ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company’s 50-day simple moving average is $74.73 and its 200 day simple moving average is $80.81.

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

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LRCX shares. Sanford C. Bernstein decreased their target price on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Friday. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.77.

About Lam Research

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.