Jupiter Wealth Management LLC Buys 1,350 Shares of Lam Research Co. (NASDAQ:LRCX)

Jupiter Wealth Management LLC boosted its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the semiconductor company’s stock after purchasing an additional 1,350 shares during the period. Jupiter Wealth Management LLC’s holdings in Lam Research were worth $108,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Financial Perspectives Inc lifted its stake in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 309 shares during the period. Fairway Wealth LLC increased its holdings in Lam Research by 900.0% during the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 306 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in Lam Research in the fourth quarter worth approximately $27,000. West Paces Advisors Inc. bought a new position in Lam Research in the fourth quarter worth approximately $27,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research during the 4th quarter worth $27,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 1.8%

Shares of LRCX stock opened at $81.06 on Friday. The stock has a market capitalization of $103.69 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The stock’s 50-day moving average price is $72.92 and its 200-day moving average price is $75.73. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $56.32 and a 12-month high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the company earned $7.79 EPS. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. Lam Research’s payout ratio is currently 25.63%.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. Evercore ISI upped their price objective on Lam Research from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a “hold” rating in a report on Thursday, April 24th. Oppenheimer decreased their price objective on Lam Research from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley boosted their price objective on Lam Research from $81.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. Finally, UBS Group decreased their target price on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

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.