Rise Advisors LLC Invests $54,000 in Lam Research Co. (NASDAQ:LRCX)

Rise Advisors LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 745 shares of the semiconductor company’s stock, valued at approximately $54,000.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. Neville Rodie & Shaw Inc. increased its holdings in Lam Research by 886.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after acquiring an additional 314,349 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Lam Research by 215.4% in the third quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock worth $279,018,000 after purchasing an additional 233,500 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its stake in Lam Research by 994.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock valued at $190,066,000 after buying an additional 211,614 shares in the last quarter. Finally, Bridgewater Associates LP raised its stake in shares of Lam Research by 315.0% during the 3rd quarter. Bridgewater Associates LP now owns 276,052 shares of the semiconductor company’s stock valued at $225,281,000 after purchasing an additional 209,537 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 0.6 %

LRCX stock traded up $0.44 on Tuesday, reaching $78.42. The company’s stock had a trading volume of 4,904,656 shares, compared to its average volume of 9,254,519. The firm has a market cap of $100.90 billion, a PE ratio of 25.35, a PEG ratio of 1.22 and a beta of 1.45. The business has a fifty day simple moving average of $74.67 and a two-hundred day simple moving average of $82.45. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company earned $6.85 earnings per share. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, research analysts forecast that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. Lam Research’s dividend payout ratio is presently 29.77%.

Analysts Set New Price Targets

A number of analysts recently weighed in on LRCX shares. Sanford C. Bernstein decreased their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. UBS Group dropped their target price on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Morgan Stanley increased their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.24.

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.