Laurel Wealth Advisors LLC Purchases Shares of 510 Lam Research Co. (NASDAQ:LRCX)

Laurel Wealth Advisors LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 510 shares of the semiconductor company’s stock, valued at approximately $37,000.

Several other hedge funds have also made changes to their positions in LRCX. Oppenheimer Asset Management Inc. raised its stake in shares of Lam Research by 17.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,820 shares of the semiconductor company’s stock valued at $1,938,000 after purchasing an additional 269 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Lam Research in the 2nd quarter valued at $506,000. Citizens Financial Group Inc. RI raised its stake in shares of Lam Research by 136.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 1,102 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 636 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Lam Research during the 2nd quarter worth about $48,297,000. Finally, Moors & Cabot Inc. boosted its position in shares of Lam Research by 4.0% during the 2nd quarter. Moors & Cabot Inc. now owns 2,492 shares of the semiconductor company’s stock valued at $2,654,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group cut their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Wells Fargo & Company cut their price objective on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday. Finally, StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Stock Up 1.5 %

NASDAQ:LRCX opened at $76.15 on Thursday. The stock’s fifty day moving average price is $74.70 and its two-hundred day moving average price is $81.22. The company has a market cap of $97.98 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.22 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. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.85 earnings per share. On average, analysts anticipate that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is 29.77%.

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.