Financial Advisors LLC Has $469,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Financial Advisors LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,500 shares of the semiconductor company’s stock after acquiring an additional 5,850 shares during the quarter. Financial Advisors LLC’s holdings in Lam Research were worth $469,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blair William & Co. IL boosted its position in Lam Research by 8.0% during the second quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company’s stock valued at $6,128,000 after purchasing an additional 426 shares during the last quarter. MQS Management LLC bought a new stake in shares of Lam Research during the 2nd quarter worth approximately $228,000. Intech Investment Management LLC boosted its holdings in shares of Lam Research by 3.1% in the 2nd quarter. Intech Investment Management LLC now owns 12,150 shares of the semiconductor company’s stock valued at $12,938,000 after buying an additional 371 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Lam Research by 16.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,089 shares of the semiconductor company’s stock worth $9,678,000 after buying an additional 1,259 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position 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 in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 1.4 %

NASDAQ LRCX opened at $80.30 on Friday. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 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 current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $74.73 and a 200-day moving average of $80.99.

Lam Research (NASDAQ:LRCX) last released 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. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the company posted $6.85 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LRCX shares. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

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.