Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of Lam Research Co. (NASDAQ:LRCX – Get Rating) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,977 shares of the semiconductor company’s stock after selling 167 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lam Research were worth $1,672,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. Assenagon Asset Management S.A. increased its holdings in Lam Research by 111.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,266 shares of the semiconductor company’s stock worth $23,649,000 after acquiring an additional 29,710 shares in the last quarter. Green Alpha Advisors LLC lifted its stake in Lam Research by 12.3% in the 4th quarter. Green Alpha Advisors LLC now owns 4,019 shares of the semiconductor company’s stock valued at $1,689,000 after buying an additional 440 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Lam Research by 59.6% in the 4th quarter. Financial Management Professionals Inc. now owns 793 shares of the semiconductor company’s stock worth $333,000 after buying an additional 296 shares during the last quarter. Verity & Verity LLC increased its stake in Lam Research by 145.3% during the 4th quarter. Verity & Verity LLC now owns 1,435 shares of the semiconductor company’s stock worth $603,000 after buying an additional 850 shares in the last quarter. Finally, Triangle Securities Wealth Management raised its holdings in shares of Lam Research by 37.9% during the fourth quarter. Triangle Securities Wealth Management now owns 2,380 shares of the semiconductor company’s stock valued at $1,000,000 after acquiring an additional 654 shares during the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on LRCX. KGI Securities upgraded Lam Research from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 1st. Barclays upped their price objective on shares of Lam Research from $300.00 to $475.00 and gave the company an “equal weight” rating in a research note on Monday, January 23rd. StockNews.com initiated coverage on shares of Lam Research in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. The Goldman Sachs Group increased their price target on Lam Research from $434.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, January 26th. Finally, Stifel Nicolaus began coverage on Lam Research in a research note on Tuesday, January 17th. They set a “hold” rating and a $495.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $492.10.
Insider Buying and Selling at Lam Research
Lam Research Price Performance
Lam Research stock opened at $507.36 on Wednesday. The company’s 50 day simple moving average is $493.90 and its 200-day simple moving average is $444.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.95 and a current ratio of 3.02. Lam Research Co. has a 1 year low of $299.59 and a 1 year high of $574.79. The company has a market capitalization of $68.46 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 8.77 and a beta of 1.48.
Lam Research (NASDAQ:LRCX – Get Rating) last announced its earnings results on Wednesday, January 25th. The semiconductor company reported $10.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.95 by $0.76. Lam Research had a return on equity of 73.48% and a net margin of 26.91%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the company earned $8.53 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, equities research analysts expect that Lam Research Co. will post 33.3 earnings per share for the current year.
Lam Research Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 15th will be issued a dividend of $1.725 per share. This represents a $6.90 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, March 14th. Lam Research’s dividend payout ratio (DPR) is 18.55%.
About Lam Research
Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.
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