Outlook Wealth Advisors LLC Has $481,000 Position in Lam Research Co. (NASDAQ:LRCX)

Outlook Wealth Advisors LLC increased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,300.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,653 shares of the semiconductor company’s stock after purchasing an additional 6,178 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Lam Research were worth $481,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its stake in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Lam Research during the fourth quarter worth about $37,000. Eagle Bay Advisors LLC lifted its stake in shares of Lam Research by 484.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 460 shares during the period. Fortitude Family Office LLC increased its position in Lam Research by 896.7% during the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 538 shares during the period. Finally, Rosenberg Matthew Hamilton raised its holdings in Lam Research by 900.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.5 %

NASDAQ:LRCX opened at $76.15 on Thursday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $74.70 and its 200 day moving average is $81.22. The stock has a market capitalization of $97.98 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during 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% on a year-over-year basis. During the same quarter last year, the firm posted $6.85 EPS. Sell-side analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LRCX. Sanford C. Bernstein cut their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, November 29th. Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.59.

About Lam Research

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.