West Wealth Group LLC Has $314,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

West Wealth Group LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 901.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,348 shares of the semiconductor company’s stock after purchasing an additional 3,914 shares during the period. West Wealth Group LLC’s holdings in Lam Research were worth $314,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares during the last quarter. NCP Inc. bought a new stake in Lam Research during the second quarter valued at about $213,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the period. Advisory Alpha LLC bought a new position in shares of Lam Research in the second quarter worth about $256,000. Finally, Silver Lake Advisory LLC bought a new stake in Lam Research during the 2nd quarter valued at approximately $261,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 1.9 %

NASDAQ:LRCX opened at $79.68 on Monday. The stock’s fifty day moving average price is $75.43 and its two-hundred day moving average price is $79.63. The company has a market cap of $102.52 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research Announces Dividend

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 $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analyst Weigh In

LRCX has been the subject of several research reports. Wells Fargo & Company reduced their price objective on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. 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. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, Sanford C. Bernstein cut their price target 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 fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

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.