Valued Wealth Advisors LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX – Free Report) by 929.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 700 shares of the semiconductor company’s stock after purchasing an additional 632 shares during the quarter. Valued Wealth Advisors LLC’s holdings in Lam Research were worth $51,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares during the period. State Street Corp lifted its position in Lam Research by 1.6% during the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock valued at $4,817,113,000 after buying an additional 94,086 shares in the last quarter. Geode Capital Management LLC grew its stake in Lam Research by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock worth $2,539,413,000 after buying an additional 64,053 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Lam Research in the 4th quarter valued at $175,652,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of Lam Research by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock valued at $1,527,273,000 after acquiring an additional 11,093 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, January 17th. Mizuho decreased their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. B. Riley dropped their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays decreased their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.77.
Lam Research Stock Performance
LRCX stock opened at $79.68 on Monday. The firm has a market cap of $102.52 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. The stock’s 50 day simple moving average is $75.43 and its 200 day simple moving average is $79.63. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.
Lam Research Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.
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.
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