Signal Advisors Wealth LLC Raises Stock Position in Lam Research Co. (NASDAQ:LRCX)

Signal Advisors Wealth LLC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 975.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,256 shares of the semiconductor company’s stock after purchasing an additional 14,744 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Lam Research were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of Lam Research by 378.7% in the second quarter. Oppenheimer & Co. Inc. now owns 2,245 shares of the semiconductor company’s stock worth $2,391,000 after purchasing an additional 1,776 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Lam Research by 17.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,820 shares of the semiconductor company’s stock worth $1,938,000 after buying an additional 269 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Lam Research during the 2nd quarter valued at $506,000. Citizens Financial Group Inc. RI raised its position in shares of Lam Research by 136.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 1,102 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 636 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Lam Research in the second quarter worth $48,297,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Up 0.8 %

LRCX opened at $75.06 on Wednesday. Lam Research Co. has a one year low of $68.87 and a one 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 50 day simple moving average of $74.70 and a two-hundred day simple moving average of $81.22. The firm has a market capitalization of $96.58 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $6.85 earnings per share. Analysts predict that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on LRCX shares. Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley boosted their target price 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Finally, B. Riley decreased their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $96.59.

Lam Research Company 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.