Asset Dedication LLC Has $202,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Asset Dedication LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,790 shares of the semiconductor company’s stock after buying an additional 2,511 shares during the quarter. Asset Dedication LLC’s holdings in Lam Research were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. R Squared Ltd bought a new position in Lam Research during the fourth quarter worth $49,000. SteelPeak Wealth LLC boosted its position in shares of Lam Research by 920.9% during the 4th quarter. SteelPeak Wealth LLC now owns 41,886 shares of the semiconductor company’s stock worth $3,036,000 after purchasing an additional 37,783 shares in the last quarter. DHK Financial Advisors Inc. grew its stake in shares of Lam Research by 900.0% in the 4th quarter. DHK Financial Advisors Inc. now owns 2,850 shares of the semiconductor company’s stock valued at $207,000 after buying an additional 2,565 shares during the period. BSW Wealth Partners raised its stake in Lam Research by 994.7% during the 4th quarter. BSW Wealth Partners now owns 11,111 shares of the semiconductor company’s stock worth $803,000 after buying an additional 10,096 shares during the period. Finally, Watershed Private Wealth LLC bought a new position in Lam Research in the fourth quarter worth approximately $445,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LRCX. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on shares of 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. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Stock Performance

NASDAQ:LRCX opened at $75.15 on Thursday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The business’s fifty day moving average is $75.62 and its 200 day moving average is $79.15. 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 firm has a market cap of $96.69 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. Research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. Lam Research’s 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.