Lam Research Co. (NASDAQ:LRCX) Stock Holdings Increased by Financial Partners Group LLC

Financial Partners Group LLC lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,900 shares of the semiconductor company’s stock after purchasing an additional 79,110 shares during the quarter. Lam Research accounts for approximately 2.6% of Financial Partners Group LLC’s holdings, making the stock its 12th largest position. Financial Partners Group LLC’s holdings in Lam Research were worth $6,349,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quarry LP lifted its position in Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the period. NCP Inc. acquired a new position in shares of Lam Research during the 2nd quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares in the last quarter. Advisory Alpha LLC acquired a new stake in shares of Lam Research in the second quarter valued at $256,000. Finally, Silver Lake Advisory LLC bought a new position in Lam Research during the second quarter valued at about $261,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 2.4 %

Shares of LRCX stock opened at $81.23 on Friday. The company has a market capitalization of $104.52 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock’s 50 day simple moving average is $75.11 and its 200 day simple moving average is $80.06. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the previous year, the company earned $6.85 earnings per share. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given 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 was Wednesday, December 11th. Lam Research’s dividend payout ratio is 29.74%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company reduced their price objective on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

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.