400 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Finley Financial LLC

Finley Financial LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 400 shares of the semiconductor company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Atwood & Palmer Inc. acquired a new position in Lam Research during the fourth quarter worth approximately $27,000. West Oak Capital LLC increased its position in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after buying an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in Lam Research during the fourth quarter worth approximately $37,000. Finally, Eagle Bay Advisors LLC increased its position 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. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley upped their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Up 1.5 %

NASDAQ LRCX opened at $81.50 on Wednesday. The business has a fifty day moving average price of $74.92 and a two-hundred day moving average price of $80.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a market capitalization of $104.87 billion, a PE ratio of 26.34, a PEG ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly 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 company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the company earned $6.85 EPS. Lam Research’s revenue was up 19.7% compared to the same quarter last year. Equities analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

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.