Financial Freedom LLC Invests $46,000 in Lam Research Co. (NASDAQ:LRCX)

Financial Freedom LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 633 shares of the semiconductor company’s stock, valued at approximately $46,000.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC raised its stake in Lam Research by 50.9% in 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 in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in Lam Research by 159.1% in 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 in the last quarter. Laurel Wealth Advisors LLC bought a new position in Lam Research in the fourth quarter worth about $37,000. Eagle Bay Advisors LLC raised its stake in Lam Research by 484.2% in 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 in the last quarter. Finally, Cranbrook Wealth Management LLC raised its stake in Lam Research by 900.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock worth $40,000 after buying an additional 495 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LRCX. Mizuho decreased their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their target price on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Barclays decreased their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Trading Up 1.4 %

Shares of LRCX stock opened at $80.30 on Monday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $74.73 and its 200 day moving average is $80.81. The stock has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company posted $6.85 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.74%.

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.