Atlantic Edge Private Wealth Management LLC Buys 540 Shares of Lam Research Co. (NASDAQ:LRCX)

Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the semiconductor company’s stock after buying an additional 540 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Lam Research were worth $43,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research during the 4th quarter worth approximately $27,000. West Oak Capital LLC grew its holdings in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 135 shares during the period. Country Trust Bank grew its holdings in Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Finley Financial LLC bought a new position in Lam Research in the fourth quarter valued at approximately $30,000. Finally, Stephens Consulting LLC lifted its stake in Lam Research by 900.0% in the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.7 %

Shares of Lam Research stock opened at $83.73 on Tuesday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock’s 50-day simple moving average is $76.92 and its 200 day simple moving average is $78.06. The stock has a market capitalization of $107.48 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, research analysts anticipate that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.95%.

Analyst Ratings Changes

A number of research analysts have weighed in on LRCX shares. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Finally, B. Riley dropped their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $95.72.

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.