Dakota Wealth Management Purchases 13,529 Shares of Lam Research Co. (NASDAQ:LRCX)

Dakota Wealth Management lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 833.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,153 shares of the semiconductor company’s stock after acquiring an additional 13,529 shares during the period. Dakota Wealth Management’s holdings in Lam Research were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRCX. Van ECK Associates Corp lifted its holdings in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Lam Research during the 4th quarter worth approximately $175,652,000. Guinness Asset Management LTD lifted its holdings in shares of Lam Research by 1,129.8% during the 4th quarter. Guinness Asset Management LTD now owns 482,156 shares of the semiconductor company’s stock worth $34,825,000 after acquiring an additional 442,949 shares during the period. ARS Investment Partners LLC increased its position in Lam Research by 908.9% during the 4th quarter. ARS Investment Partners LLC now owns 490,881 shares of the semiconductor company’s stock worth $35,456,000 after purchasing an additional 442,224 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Lam Research during the 4th quarter worth approximately $31,060,000. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LRCX shares. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. B. Riley decreased their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Stock Down 2.4 %

Lam Research stock opened at $81.23 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The firm has a market capitalization of $104.52 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. The firm’s fifty day moving average price is $75.11 and its two-hundred day moving average price is $80.06. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

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

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.77%.

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.