Madison Park Capital Advisors LLC Purchases Shares of 13,500 Lam Research Co. (NASDAQ:LRCX)

Madison Park Capital Advisors LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,500 shares of the semiconductor company’s stock, valued at approximately $975,000. Lam Research accounts for about 0.8% of Madison Park Capital Advisors LLC’s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds have also recently bought and sold shares of the stock. Viking Fund Management LLC boosted its holdings in Lam Research by 970.0% in the 4th quarter. Viking Fund Management LLC now owns 107,000 shares of the semiconductor company’s stock valued at $7,729,000 after purchasing an additional 97,000 shares during the period. Global Trust Asset Management LLC bought a new stake in Lam Research in the 4th quarter valued at $480,000. MBM Wealth Consultants LLC boosted its holdings in Lam Research by 977.0% in the 4th quarter. MBM Wealth Consultants LLC now owns 15,358 shares of the semiconductor company’s stock valued at $1,113,000 after purchasing an additional 13,932 shares during the period. Dakota Wealth Management lifted its holdings in shares of Lam Research by 833.1% during the 4th quarter. Dakota Wealth Management now owns 15,153 shares of the semiconductor company’s stock worth $1,095,000 after acquiring an additional 13,529 shares during the period. Finally, Braun Bostich & Associates Inc. lifted its holdings in shares of Lam Research by 907.8% during the 4th quarter. Braun Bostich & Associates Inc. now owns 4,253 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 3,831 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of LRCX opened at $81.50 on Wednesday. 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 Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm’s 50 day moving average price is $74.92 and its two-hundred day moving average price is $80.24. The firm has a market cap of $104.87 billion, a P/E ratio of 26.34, a PEG ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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 firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the firm posted $6.85 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. On average, analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. 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 report on Monday, January 13th. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Sanford C. Bernstein reduced their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.