First Affirmative Financial Network Boosts Position in Lam Research Co. (NASDAQ:LRCX)

First Affirmative Financial Network grew its holdings in Lam Research Co. (NASDAQ:LRCXFree Report) by 955.7% during the 4th quarter, Holdings Channel reports. The fund owned 6,503 shares of the semiconductor company’s stock after purchasing an additional 5,887 shares during the period. First Affirmative Financial Network’s holdings in Lam Research were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. Quarry LP lifted its holdings in Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 56 shares during the period. Advisory Alpha LLC purchased a new position in shares of Lam Research in the 2nd quarter valued at about $256,000. Cetera Investment Advisers raised its holdings in Lam Research by 2.1% in the 2nd quarter. Cetera Investment Advisers now owns 28,382 shares of the semiconductor company’s stock worth $30,224,000 after purchasing an additional 585 shares during the period. New Century Financial Group LLC purchased a new position in Lam Research during the second quarter worth approximately $359,000. Finally, Clearbridge Investments LLC grew its holdings in Lam Research by 1.7% in the second quarter. Clearbridge Investments LLC now owns 174,051 shares of the semiconductor company’s stock valued at $185,338,000 after purchasing an additional 2,841 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LRCX shares. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Mizuho decreased their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. BNP Paribas upgraded 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 target price on shares of Lam Research in a research report on Thursday, October 24th. Finally, B. Riley dropped their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $96.07.

Get Our Latest Analysis on Lam Research

Lam Research Trading Up 0.9 %

NASDAQ LRCX opened at $75.15 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The stock has a market capitalization of $96.69 billion, a P/E ratio of 24.29, a PEG ratio of 1.53 and a beta of 1.45. The firm’s 50-day moving average is $75.62 and its two-hundred day moving average is $79.15. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCXGet Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. On average, sell-side analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. Lam Research’s dividend payout ratio is presently 29.74%.

About Lam Research

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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