Madison Park Capital Advisors LLC Purchases Shares of 13,500 Lam Research Co. (NASDAQ:LRCX)

Madison Park Capital Advisors LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 13,500 shares of the semiconductor company’s stock, valued at approximately $975,000. Lam Research accounts for about 0.8% of Madison Park Capital Advisors LLC’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRCX. AE Wealth Management LLC raised its holdings in shares of Lam Research by 22.5% in the second quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock valued at $1,019,000 after purchasing an additional 176 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Lam Research by 5.6% in 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Lam Research by 7.6% during the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after buying an additional 27 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Lam Research by 76.3% during the second quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after buying an additional 2,159 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Lam Research by 12.3% during the second quarter. Evergreen Capital Management LLC now owns 852 shares of the semiconductor company’s stock worth $909,000 after buying an additional 93 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.5 %

LRCX opened at $81.50 on Wednesday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a 50-day simple moving average of $74.92 and a 200 day simple moving average of $80.24. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $104.87 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the business posted $6.85 earnings per share. Lam Research’s revenue was up 19.7% compared to the same quarter last year. Analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research’s dividend payout ratio is 29.74%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. B. Riley lowered their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Sanford C. Bernstein lowered their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, Barclays lowered their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.77.

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.