Builder Investment Group Inc. ADV Purchases New Holdings in Lam Research Co. (NASDAQ:LRCX)

Builder Investment Group Inc. ADV acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,000 shares of the semiconductor company’s stock, valued at approximately $217,000.

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

Lam Research Trading Up 1.5 %

LRCX opened at $76.15 on Thursday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The firm has a 50-day moving average price of $74.70 and a two-hundred day moving average price of $81.22. The stock has a market capitalization of $97.98 billion, a PE ratio of 24.61, a PEG ratio of 1.37 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the firm earned $6.85 EPS. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, equities analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.21%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Mizuho cut their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Wells Fargo & Company cut their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.