Vise Technologies Inc. Purchases Shares of 21,684 Lam Research Co. (NASDAQ:LRCX)

Vise Technologies Inc. purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,684 shares of the semiconductor company’s stock, valued at approximately $1,566,000.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho lifted their target price on shares of Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price target on shares of Lam Research from $100.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Barclays lowered their price target on shares of Lam Research from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $75.00 to $125.00 in a report on Thursday, February 20th. Finally, Morgan Stanley lifted their price target on shares of Lam Research from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $91.56.

Lam Research Stock Down 1.8%

LRCX opened at $81.06 on Friday. The company has a fifty day moving average price of $72.92 and a 200-day moving average price of $75.73. The firm has a market capitalization of $103.69 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a one year low of $56.32 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly 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. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the business earned $7.79 EPS. Equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research’s dividend payout ratio (DPR) is presently 25.63%.

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.