Brucke Financial Inc. Buys 281 Shares of Lam Research Corporation (NASDAQ:LRCX)

Brucke Financial Inc. boosted its stake in Lam Research Corporation (NASDAQ:LRCX) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,393 shares of the semiconductor company’s stock after acquiring an additional 281 shares during the quarter. Brucke Financial Inc.’s holdings in Lam Research were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the period. Clearbridge Investments LLC lifted its stake in Lam Research by 767.6% in the 4th quarter. Clearbridge Investments LLC now owns 421,563 shares of the semiconductor company’s stock valued at $30,449,000 after acquiring an additional 372,976 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Lam Research during the 4th quarter worth approximately $9,075,000. Wellington Management Group LLP grew its stake in shares of Lam Research by 8,156.2% during the 4th quarter. Wellington Management Group LLP now owns 1,991,718 shares of the semiconductor company’s stock worth $143,862,000 after acquiring an additional 1,967,594 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Lam Research by 863.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 520 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 466 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 0.3%

Shares of NASDAQ LRCX opened at $98.94 on Wednesday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $102.59. The company’s 50 day moving average price is $93.08 and its 200-day moving average price is $81.97. The company has a market capitalization of $126.56 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Lam Research’s payout ratio is currently 25.63%.

Analysts Set New Price Targets

Several brokerages have commented on LRCX. Stifel Nicolaus boosted their price target on shares of Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI raised their price target on Lam Research from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Mizuho upped their price objective on Lam Research from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 target price (up from $90.00) on shares of Lam Research in a research note on Tuesday, June 24th. Finally, Bank of America lowered their target price on shares of Lam Research from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.05.

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.