McLean Asset Management Corp Has $357,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

McLean Asset Management Corp decreased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,910 shares of the semiconductor company’s stock after selling 212 shares during the period. McLean Asset Management Corp’s holdings in Lam Research were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LRCX. One Charles Private Wealth Services LLC raised its holdings in Lam Research by 843.4% during the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 3,576 shares in the last quarter. Brighton Jones LLC raised its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Lam Research by 886.5% during the fourth quarter. DAVENPORT & Co LLC now owns 23,152 shares of the semiconductor company’s stock valued at $1,672,000 after buying an additional 20,805 shares in the last quarter. Osborne Partners Capital Management LLC raised its holdings in Lam Research by 900.3% during the fourth quarter. Osborne Partners Capital Management LLC now owns 4,001 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 3,601 shares in the last quarter. Finally, Journey Strategic Wealth LLC raised its holdings in Lam Research by 1,037.0% during the fourth quarter. Journey Strategic Wealth LLC now owns 5,969 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 5,444 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on LRCX shares. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, April 24th. Oppenheimer cut their target price on Lam Research from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. B. Riley reiterated a “buy” rating on shares of Lam Research in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Bank of America dropped their price objective on Lam Research from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.56.

Lam Research Stock Up 2.1%

NASDAQ LRCX opened at $82.48 on Tuesday. 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 stock’s 50 day moving average is $73.58 and its two-hundred day moving average is $76.03. The company has a market capitalization of $105.50 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.47 and a beta of 1.64. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $7.79 earnings per share. Equities analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, June 18th. Lam Research’s payout ratio is currently 25.63%.

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.