Westfuller Advisors LLC Raises Position in Lam Research Co. (NASDAQ:LRCX)

Westfuller Advisors LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 817.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,571 shares of the semiconductor company’s stock after purchasing an additional 7,637 shares during the quarter. Westfuller Advisors LLC’s holdings in Lam Research were worth $621,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Centerpoint Advisors LLC grew its holdings in Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 900 shares during the period. E. Ohman J or Asset Management AB acquired a new stake in shares of Lam Research in the fourth quarter worth approximately $4,258,000. Huntington National Bank grew its holdings in Lam Research by 944.0% in the fourth quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company’s stock valued at $21,291,000 after purchasing an additional 266,527 shares during the period. ICICI Prudential Asset Management Co Ltd increased its position in Lam Research by 1,401.1% during the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 70,475 shares of the semiconductor company’s stock worth $5,090,000 after purchasing an additional 65,780 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Lam Research by 781.9% during the fourth quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company’s stock worth $23,920,000 after purchasing an additional 293,619 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $81.06 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $72.92 and a 200-day moving average of $75.73. The stock has a market cap 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. Lam Research Co. has a 52 week low of $56.32 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.79 EPS. On average, analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued 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, June 18th. Lam Research’s dividend payout ratio is presently 25.63%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LRCX. UBS Group lowered their price objective on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Oppenheimer lowered their price target on Lam Research from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. TD Cowen cut their price objective on Lam Research from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. B. Riley reaffirmed a “buy” rating on shares of Lam Research in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 target price on shares of Lam Research and gave the stock a “hold” rating in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average 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.