Premier Path Wealth Partners LLC Grows Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Premier Path Wealth Partners LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 760.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,270 shares of the semiconductor company’s stock after purchasing an additional 2,890 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Lam Research were worth $236,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LRCX. West Oak Capital LLC boosted 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 lifted 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 purchasing an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Lam Research during the fourth quarter valued at about $37,000. Eagle Bay Advisors LLC grew its stake in shares of Lam Research by 484.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 460 shares during the last quarter. Finally, Cranbrook Wealth Management LLC increased its holdings in shares of 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 during the period. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on LRCX shares. Sanford C. Bernstein lowered their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley boosted their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Performance

NASDAQ LRCX opened at $80.30 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The business has a 50 day simple moving average of $74.73 and a two-hundred day simple moving average of $80.81. The stock has a market capitalization of $103.32 billion, a PE ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share 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 in the previous year, the business posted $6.85 earnings per share. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. On average, research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

About Lam Research

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.