Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,242.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,827 shares of the semiconductor company’s stock after buying an additional 3,542 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Lam Research were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LRCX. Gabelli Funds LLC boosted its stake in Lam Research by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 16 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Lam Research by 5.6% during the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 17 shares during the period. Insigneo Advisory Services LLC lifted its holdings in Lam Research by 2.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after acquiring an additional 23 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in Lam Research by 8.6% during the second quarter. Stock Yards Bank & Trust Co. now owns 316 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 25 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Lam Research by 7.6% during the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after buying an additional 27 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.6 %

Shares of LRCX opened at $76.26 on Wednesday. The stock’s 50-day moving average price is $74.70 and its 200 day moving average price is $81.22. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market capitalization of $98.12 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its earnings results 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. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.85 earnings per share. As a group, research analysts predict that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. Lam Research’s dividend payout ratio is presently 29.77%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LRCX. The Goldman Sachs Group cut their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. B. Riley cut their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their target price on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.