Avestar Capital LLC Has $597,000 Position in Lam Research Co. (NASDAQ:LRCX)

Avestar Capital LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 941.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,236 shares of the semiconductor company’s stock after purchasing an additional 7,445 shares during the period. Avestar Capital LLC’s holdings in Lam Research were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after buying an additional 1,146 shares in the last quarter. Asset Dedication LLC boosted its stake in shares of Lam Research by 469.4% in the 3rd quarter. Asset Dedication LLC now owns 279 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 230 shares in the last quarter. Jamison Private Wealth Management Inc. grew its holdings in shares of Lam Research by 2,500.0% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 442 shares of the semiconductor company’s stock worth $361,000 after purchasing an additional 425 shares during the last quarter. Carderock Capital Management Inc. increased its position in shares of Lam Research by 3.3% during the 3rd quarter. Carderock Capital Management Inc. now owns 11,192 shares of the semiconductor company’s stock worth $9,134,000 after purchasing an additional 362 shares in the last quarter. Finally, Greater Midwest Financial Group LLC bought a new position in Lam Research during the 3rd quarter valued at about $1,644,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Mizuho decreased their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price objective on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Performance

LRCX stock opened at $83.30 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The business’s fifty day moving average is $77.19 and its 200-day moving average is $77.92. The company has a market cap of $106.93 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46.

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 forecast that Lam Research Co. will post 3.69 EPS for the current 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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is presently 27.96%.

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.