Strategic Financial Concepts LLC Acquires New Position in Lam Research Co. (NASDAQ:LRCX)

Strategic Financial Concepts LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,568 shares of the semiconductor company’s stock, valued at approximately $1,775,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Exchange Traded Concepts LLC boosted its stake in Lam Research by 30.1% in the third quarter. Exchange Traded Concepts LLC now owns 5,209 shares of the semiconductor company’s stock valued at $4,251,000 after acquiring an additional 1,204 shares during the period. Polianta Ltd acquired a new position in Lam Research in the third quarter valued at approximately $1,142,000. Paladin Wealth LLC acquired a new position in Lam Research in the third quarter valued at approximately $492,000. Wedge Capital Management L L P NC boosted its stake in Lam Research by 12.8% in the third quarter. Wedge Capital Management L L P NC now owns 73,408 shares of the semiconductor company’s stock valued at $59,907,000 after acquiring an additional 8,302 shares during the period. Finally, Creative Planning boosted its stake in Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after acquiring an additional 1,146 shares during the period. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Mizuho reduced their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. BNP Paribas upgraded Lam Research to a “hold” rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Up 1.7 %

Shares of Lam Research stock opened at $83.73 on Tuesday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market capitalization of $107.48 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $76.92 and its 200-day moving average is $78.06.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is 27.95%.

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.