Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Encompass Wealth Advisors LLC

Encompass Wealth Advisors LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 857.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,811 shares of the semiconductor company’s stock after buying an additional 13,264 shares during the period. Encompass Wealth Advisors LLC’s holdings in Lam Research were worth $1,070,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brickley Wealth Management raised its stake in shares of Lam Research by 900.0% during the fourth quarter. Brickley Wealth Management now owns 2,800 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 2,520 shares during the period. Consolidated Portfolio Review Corp grew its holdings in Lam Research by 912.9% during the 4th quarter. Consolidated Portfolio Review Corp now owns 21,930 shares of the semiconductor company’s stock valued at $1,584,000 after purchasing an additional 19,765 shares in the last quarter. Harbor Island Capital LLC increased its stake in Lam Research by 900.0% during the 4th quarter. Harbor Island Capital LLC now owns 360,900 shares of the semiconductor company’s stock worth $26,068,000 after buying an additional 324,810 shares during the period. Telos Capital Management Inc. lifted its holdings in Lam Research by 908.3% in the 4th quarter. Telos Capital Management Inc. now owns 6,070 shares of the semiconductor company’s stock worth $438,000 after buying an additional 5,468 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its position in Lam Research by 900.0% in the 4th quarter. Oakworth Capital Inc. now owns 13,070 shares of the semiconductor company’s stock valued at $944,000 after buying an additional 11,763 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.1 %

LRCX stock opened at $82.83 on Friday. The business’s 50-day simple moving average is $76.53 and its 200 day simple moving average is $78.26. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company has a market cap of $106.58 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, research analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Lam Research’s dividend payout ratio is 27.95%.

Analyst Ratings Changes

A number of brokerages recently commented on LRCX. Mizuho reduced their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Finally, Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.72.

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.