180 Wealth Advisors LLC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 22.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,923 shares of the semiconductor company’s stock after purchasing an additional 536 shares during the period. 180 Wealth Advisors LLC’s holdings in Lam Research were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of LRCX. Nuveen Asset Management LLC increased its holdings in shares of Lam Research by 655.7% in the second quarter. Nuveen Asset Management LLC now owns 2,502,249 shares of the semiconductor company’s stock worth $470,022,000 after purchasing an additional 2,171,131 shares during the period. Boston Partners bought a new position in shares of Lam Research during the third quarter valued at about $194,039,000. Man Group plc grew its stake in shares of Lam Research by 355.3% during the third quarter. Man Group plc now owns 577,002 shares of the semiconductor company’s stock valued at $133,351,000 after buying an additional 450,280 shares during the last quarter. USS Investment Management Ltd bought a new position in shares of Lam Research during the third quarter valued at about $100,687,000. Finally, AMF Pensionsforsakring AB grew its stake in shares of Lam Research by 401.9% during the third quarter. AMF Pensionsforsakring AB now owns 442,209 shares of the semiconductor company’s stock valued at $102,199,000 after buying an additional 354,103 shares during the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.
LRCX has been the topic of a number of recent research reports. UBS Group cut Lam Research from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 27th. ValuEngine cut Lam Research from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Stifel Nicolaus raised their price objective on Lam Research from $284.00 to $319.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley raised their price objective on Lam Research from $255.00 to $287.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Cowen raised their price objective on Lam Research from $235.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $268.55.
Shares of Lam Research stock traded down $0.50 during trading on Friday, reaching $305.45. 453,514 shares of the stock were exchanged, compared to its average volume of 1,411,429. The company has a quick ratio of 2.99, a current ratio of 3.59 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $286.14 and its 200 day moving average is $242.13. The firm has a market cap of $43.63 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. Lam Research Co. has a 1 year low of $136.65 and a 1 year high of $307.26.
Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $3.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.17 billion. Lam Research had a net margin of 22.38% and a return on equity of 43.11%. Lam Research’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.36 earnings per share. Equities analysts forecast that Lam Research Co. will post 15.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.60 annualized dividend and a yield of 1.51%. Lam Research’s dividend payout ratio (DPR) is presently 31.62%.
In other Lam Research news, SVP Kevin Jennings sold 164 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $286.15, for a total value of $46,928.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Patrick J. Lord sold 1,620 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $268.75, for a total transaction of $435,375.00. The disclosure for this sale can be found here. Insiders sold 73,576 shares of company stock valued at $20,803,977 over the last 90 days. 0.43% of the stock is currently owned by company insiders.
Lam Research Profile
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.
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