Values First Advisors Inc. Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Values First Advisors Inc. lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 742.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,501 shares of the semiconductor company’s stock after buying an additional 7,492 shares during the quarter. Values First Advisors Inc.’s holdings in Lam Research were worth $614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Creative Planning grew its stake in shares of Lam Research by 2.5% during the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after purchasing an additional 1,146 shares during the period. Magnus Financial Group LLC purchased a new stake in Lam Research during the third quarter worth $335,000. Foster Victor Wealth Advisors LLC grew its position in Lam Research by 994.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock valued at $190,066,000 after buying an additional 211,614 shares during the period. Asset Dedication LLC increased its holdings in Lam Research by 469.4% in the third quarter. Asset Dedication LLC now owns 279 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 230 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Lam Research by 2,500.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 442 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 425 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of analyst reports. Barclays dropped their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $100.00 in a report on Thursday, January 30th. B. Riley reduced their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

NASDAQ:LRCX opened at $81.57 on Thursday. The stock has a 50 day moving average price of $77.12 and a 200 day moving average price of $77.97. The stock has a market cap of $104.71 billion, a PE ratio of 24.78, a P/E/G ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts expect that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

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.