Rise Advisors LLC Invests $54,000 in Lam Research Co. (NASDAQ:LRCX)

Rise Advisors LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 745 shares of the semiconductor company’s stock, valued at approximately $54,000.

Other large investors have also added to or reduced their stakes in the company. Lantz Financial LLC bought a new stake in Lam Research during the 2nd quarter valued at about $212,000. Savant Capital LLC increased its position in shares of Lam Research by 2.6% during the second quarter. Savant Capital LLC now owns 3,387 shares of the semiconductor company’s stock valued at $3,606,000 after acquiring an additional 87 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Lam Research in the 2nd quarter worth approximately $373,000. Caprock Group LLC boosted its stake in Lam Research by 72.4% during the 2nd quarter. Caprock Group LLC now owns 3,161 shares of the semiconductor company’s stock valued at $3,373,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Lam Research by 204.0% in the 2nd quarter. Quest Partners LLC now owns 2,149 shares of the semiconductor company’s stock worth $2,288,000 after purchasing an additional 1,442 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded up $0.44 during trading on Tuesday, hitting $78.42. 4,904,656 shares of the company’s stock were exchanged, compared to its average volume of 9,254,519. The business’s 50-day simple moving average is $74.67 and its 200 day simple moving average is $82.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market cap of $100.90 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.85 earnings per share. As a group, equities analysts predict that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s payout ratio is presently 29.77%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Citigroup reduced their price target on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research note on Monday, September 16th. Mizuho lowered their price objective on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. B. Riley cut their target price 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, StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.24.

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.