Winch Advisory Services LLC Purchases 2,934 Shares of Lam Research Co. (NASDAQ:LRCX)

Winch Advisory Services LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,192.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,180 shares of the semiconductor company’s stock after buying an additional 2,934 shares during the period. Winch Advisory Services LLC’s holdings in Lam Research were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Quarry LP raised its holdings in shares of Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares in the last quarter. NCP Inc. acquired a new position in Lam Research during the second quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares during the last quarter. Mill Creek Capital Advisors LLC acquired a new stake in shares of Lam Research in the 2nd quarter valued at approximately $226,000. Finally, MQS Management LLC bought a new stake in shares of Lam Research during the 2nd quarter valued at approximately $228,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $76.15 on Thursday. The business has a 50-day simple moving average of $74.70 and a 200 day simple moving average of $81.22. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm has a market capitalization of $97.98 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LRCX shares. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.59.

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.