Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,550 shares of the semiconductor company’s stock after acquiring an additional 1,395 shares during the period. Bogart Wealth LLC’s holdings in Lam Research were worth $112,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LRCX. Creative Planning boosted its position in shares of Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after acquiring an additional 1,146 shares during the last quarter. Asset Dedication LLC boosted its position in shares of Lam Research by 469.4% in the third quarter. Asset Dedication LLC now owns 279 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 230 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Lam Research by 5.2% in the third quarter. Trust Co. of Vermont now owns 3,917 shares of the semiconductor company’s stock worth $3,197,000 after acquiring an additional 195 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lam Research by 2.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,698 shares of the semiconductor company’s stock valued at $11,179,000 after buying an additional 265 shares during the period. Finally, Kozak & Associates Inc. raised its holdings in Lam Research by 903.8% in the third quarter. Kozak & Associates Inc. now owns 3,403 shares of the semiconductor company’s stock valued at $2,777,000 after buying an additional 3,064 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the topic of several research reports. B. Riley cut 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. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and raised their price target for the company from $95.00 to $100.00 in a report on Thursday, January 30th. Finally, Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Down 0.7 %

Shares of NASDAQ:LRCX opened at $82.75 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $77.35 and a 200 day simple moving average of $77.96. The firm has a market cap of $106.22 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

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

Lam Research Dividend Announcement

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

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.