Smith Salley Wealth Management Takes $207,000 Position in Lam Research Co. (NASDAQ:LRCX)

Smith Salley Wealth Management bought a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,861 shares of the semiconductor company’s stock, valued at approximately $207,000.

Other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC increased its holdings in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its position in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 307 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Lam Research during the fourth quarter worth $37,000. Eagle Bay Advisors LLC raised its holdings in Lam Research by 484.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after buying an additional 460 shares during the last quarter. Finally, Cranbrook Wealth Management LLC lifted its stake in shares of Lam Research by 900.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 1.4 %

Lam Research stock opened at $80.30 on Monday. The firm has a 50 day simple moving average of $74.73 and a 200 day simple moving average of $80.81. 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 1-year low of $68.87 and a 1-year high of $113.00. The firm has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company posted $6.85 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts predict that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LRCX shares. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Company 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.