Wolff Wiese Magana LLC Buys 3,542 Shares of Lam Research Co. (NASDAQ:LRCX)

Wolff Wiese Magana LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,242.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,827 shares of the semiconductor company’s stock after acquiring an additional 3,542 shares during the period. Wolff Wiese Magana LLC’s holdings in Lam Research were worth $276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its stake in Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after buying an additional 16 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Lam Research by 5.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 17 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in Lam Research by 2.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after purchasing an additional 23 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of Lam Research by 8.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 316 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 25 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 27 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.6 %

NASDAQ:LRCX opened at $76.26 on Wednesday. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The business’s 50-day simple moving average is $74.70 and its 200 day simple moving average is $81.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock has a market cap of $98.12 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. During the same quarter last year, the company earned $6.85 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. As a group, sell-side analysts predict that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.77%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. B. Riley cut their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Sanford C. Bernstein lowered their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, Mizuho decreased their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.59.

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.