SeaCrest Wealth Management LLC Buys 32,103 Shares of Lam Research Co. (NASDAQ:LRCX)

SeaCrest Wealth Management LLC raised its stake in Lam Research Co. (NASDAQ:LRCX) by 906.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,644 shares of the semiconductor company’s stock after purchasing an additional 32,103 shares during the period. SeaCrest Wealth Management LLC’s holdings in Lam Research were worth $2,575,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after buying an additional 15,005,178 shares during the period. Neville Rodie & Shaw Inc. boosted its holdings in Lam Research by 886.9% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after acquiring an additional 314,349 shares in the last quarter. Czech National Bank grew its stake in Lam Research by 950.4% in the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock valued at $20,151,000 after acquiring an additional 252,420 shares during the period. Two Sigma Advisers LP grew its stake in Lam Research by 215.4% in the third quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after acquiring an additional 233,500 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of Lam Research by 994.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock valued at $190,066,000 after acquiring an additional 211,614 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 0.8 %

Shares of NASDAQ:LRCX opened at $75.06 on Wednesday. The company has a market capitalization of $96.58 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The business has a fifty day moving average price of $74.70 and a two-hundred day moving average price of $81.22.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $6.85 earnings per share. Analysts forecast that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.23%. Lam Research’s payout ratio is currently 29.77%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday. The Goldman Sachs Group dropped their price objective 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. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

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.