Wealthquest Corp Buys 3,173 Shares of Lam Research Co. (NASDAQ:LRCX)

Wealthquest Corp lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 941.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,510 shares of the semiconductor company’s stock after purchasing an additional 3,173 shares during the quarter. Wealthquest Corp’s holdings in Lam Research were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. AE Wealth Management LLC increased its stake in Lam Research by 22.5% in the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock worth $1,019,000 after buying an additional 176 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Lam Research by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company’s stock worth $37,967,000 after acquiring an additional 2,288 shares during the period. Gabelli Funds LLC grew its position in shares of Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 16 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 27 shares in the last quarter. Finally, DRW Securities LLC boosted its stake in Lam Research by 205.4% in the 2nd quarter. DRW Securities LLC now owns 791 shares of the semiconductor company’s stock worth $844,000 after purchasing an additional 532 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LRCX shares. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Sanford C. Bernstein cut their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday. Finally, The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Price Performance

LRCX stock opened at $80.30 on Tuesday. 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 Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market cap of $103.32 billion, a PE ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45. The company has a 50-day moving average price of $74.73 and a 200 day moving average price of $80.63.

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

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

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.