Atwood & Palmer Inc. Purchases Shares of 370 Lam Research Co. (NASDAQ:LRCX)

Atwood & Palmer Inc. acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 370 shares of the semiconductor company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gabelli Funds LLC lifted its position in Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 16 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after buying an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Lam Research by 7.6% in the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 27 shares during the last quarter. Trust Co. of Toledo NA OH raised its stake in Lam Research by 2.4% during the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after acquiring an additional 49 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $80.30 on Tuesday. 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 price is $74.73 and its 200-day moving average price is $80.63. The firm has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.48 and a beta of 1.45. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the firm posted $6.85 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research’s payout ratio is 29.74%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LRCX. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Friday. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price objective (down previously from $105.00) 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 fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Lam Research presently 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.