Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 1,940.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,283 shares of the semiconductor company’s stock after purchasing an additional 20,240 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Lam Research were worth $1,537,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LRCX. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares during the last quarter. Insight Wealth Partners LLC bought a new position in shares of Lam Research during the third quarter valued at approximately $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $204,000. CWC Advisors LLC. acquired a new position in Lam Research during the 3rd quarter valued at approximately $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Lam Research during the 3rd quarter worth $220,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.7 %

Lam Research stock opened at $82.75 on Friday. The firm has a market cap of $106.22 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm’s 50 day moving average price is $77.48 and its two-hundred day moving average price is $77.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, research analysts predict that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $100.00 in a report on Thursday, January 30th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Barclays dropped their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. 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. Finally, Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.