Lam Research Co. (NASDAQ:LRCX) Shares Bought by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich grew its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,240 shares of the semiconductor company’s stock after acquiring an additional 2,916 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Lam Research were worth $234,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LRCX. Avidian Wealth Enterprises LLC purchased a new stake in Lam Research during the fourth quarter worth approximately $432,000. Valley Brook Capital Group Inc. raised its holdings in Lam Research by 900.0% during the fourth quarter. Valley Brook Capital Group Inc. now owns 4,750 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 4,275 shares in the last quarter. Hartford Investment Management Co. lifted its position in shares of Lam Research by 869.5% during the 4th quarter. Hartford Investment Management Co. now owns 79,495 shares of the semiconductor company’s stock worth $5,742,000 after buying an additional 71,295 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in shares of Lam Research by 726.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,850 shares of the semiconductor company’s stock worth $1,217,000 after buying an additional 14,811 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its holdings in shares of Lam Research by 900.1% in the 4th quarter. Capital Advisors Inc. OK now owns 29,744 shares of the semiconductor company’s stock valued at $2,148,000 after buying an additional 26,770 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $83.26 on Wednesday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a 50-day moving average price of $77.03 and a 200 day moving average price of $78.01. The company has a market cap of $106.88 billion, a P/E ratio of 25.29, a PEG ratio of 1.37 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. B. Riley decreased their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.72.

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.