Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Westfuller Advisors LLC

Westfuller Advisors LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 817.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,571 shares of the semiconductor company’s stock after buying an additional 7,637 shares during the period. Westfuller Advisors LLC’s holdings in Lam Research were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LRCX. Financial Perspectives Inc lifted its holdings in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC increased its position in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock worth $25,000 after buying an additional 306 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Lam Research in the fourth quarter worth $27,000. West Paces Advisors Inc. bought a new stake in Lam Research in the fourth quarter valued at $27,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research during the fourth quarter valued at $27,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 1.8%

Shares of Lam Research stock opened at $81.06 on Friday. The business has a fifty day simple moving average of $72.92 and a 200-day simple moving average of $75.73. Lam Research Co. has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The firm has a market cap of $103.69 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Lam Research’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $7.79 EPS. On average, equities analysts forecast that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, June 18th. Lam Research’s payout ratio is 25.63%.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of analyst reports. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Jefferies Financial Group upped their target price on shares of Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. Mizuho raised their price target on shares of Lam Research from $87.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price objective on Lam Research from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, TD Cowen decreased their price objective on Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $91.56.

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.