Lam Research Co. (NASDAQ:LRCX) Shares Bought by McGuire Investment Group LLC

McGuire Investment Group LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 899.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,488 shares of the semiconductor company’s stock after acquiring an additional 265,037 shares during the period. Lam Research makes up approximately 3.1% of McGuire Investment Group LLC’s holdings, making the stock its 7th biggest holding. McGuire Investment Group LLC’s holdings in Lam Research were worth $21,271,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research during the fourth quarter worth $27,000. West Oak Capital LLC lifted its stake in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 135 shares during the period. Finley Financial LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of 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 worth $36,000 after buying an additional 307 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Lam Research during the fourth quarter worth $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX opened at $79.68 on Friday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm’s fifty day simple moving average is $75.24 and its 200-day simple moving average is $80.07. The firm has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

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

Lam Research Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on LRCX. Wells Fargo & Company lowered their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. B. Riley lowered their price target 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, Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.