YHB Investment Advisors Inc. Makes New Investment in Lam Research Corporation (NASDAQ:LRCX)

YHB Investment Advisors Inc. purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 113,707 shares of the semiconductor company’s stock, valued at approximately $8,266,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRCX. E Fund Management Hong Kong Co. Ltd. increased its holdings in Lam Research by 497.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 621 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 517 shares during the last quarter. Legacy Advisors LLC increased its stake in shares of Lam Research by 10.5% in the 1st quarter. Legacy Advisors LLC now owns 9,721 shares of the semiconductor company’s stock worth $707,000 after purchasing an additional 926 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Lam Research by 6.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 542,215 shares of the semiconductor company’s stock worth $39,419,000 after purchasing an additional 32,462 shares during the period. Oppenheimer & Co. Inc. lifted its position in Lam Research by 6.7% during the first quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company’s stock valued at $1,654,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Stiles Financial Services Inc grew its holdings in Lam Research by 4.4% during the first quarter. Stiles Financial Services Inc now owns 49,666 shares of the semiconductor company’s stock valued at $3,611,000 after purchasing an additional 2,096 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.2%

Shares of NASDAQ LRCX opened at $91.61 on Tuesday. The stock has a market capitalization of $117.18 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.27 and a beta of 1.65. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $113.00. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $80.10 and its 200-day moving average price is $77.69.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business posted $7.79 earnings per share. On average, equities research analysts anticipate that Lam Research Corporation 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. Stockholders of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.00%. Lam Research’s dividend payout ratio (DPR) is presently 25.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LRCX shares. UBS Group lowered their price objective on Lam Research from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company lowered their price target on shares of Lam Research from $85.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Oppenheimer restated an “outperform” rating and set a $110.00 price objective (up from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. B. Riley restated a “buy” rating and set a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Finally, TD Cowen cut their price target on Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $92.78.

Lam Research Company 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.