Compass Capital Corp MA ADV bought a new position in shares of Lam Research Co. (NASDAQ:LRCX – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 21,548 shares of the semiconductor company’s stock, valued at approximately $1,703,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parisi Gray Wealth Management lifted its position in Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock worth $603,000 after acquiring an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY acquired a new position in Lam Research during the 4th quarter worth $815,000. Centerpoint Advisors LLC lifted its position in Lam Research by 900.0% during the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 900 shares during the last quarter. Jennison Associates LLC lifted its position in Lam Research by 20.0% during the 3rd quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock worth $194,451,000 after acquiring an additional 39,725 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in Lam Research by 51.9% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 215,420 shares of the semiconductor company’s stock worth $175,800,000 after acquiring an additional 73,648 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
Lam Research Stock Performance
NASDAQ:LRCX opened at $89.02 on Friday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. 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 firm has a market capitalization of $114.27 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The firm has a 50-day moving average price of $78.27 and a 200 day moving average price of $77.97.
Lam Research Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.03%. Lam Research’s dividend payout ratio is 27.95%.
Analysts Set New Price Targets
A number of research analysts have recently commented on LRCX shares. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Susquehanna raised shares of Lam Research from a “neutral” rating to a “positive” rating and upped their price objective for the company from $75.00 to $125.00 in a research report on Thursday. Barclays cut their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a research report on Tuesday. Finally, Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.22.
Get Our Latest Stock Analysis on Lam Research
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.
Featured Stories
- Five stocks we like better than Lam Research
- How to Find Undervalued Stocks
- Ray Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024
- The Basics of Support and Resistance
- Walmart Faces Tariff Headwinds, Consumer Trends Remain Positive
- Where to Find Earnings Call Transcripts
- Tesla: 2 Reasons to Buy, 1 Reason to Run
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.