Mount Yale Investment Advisors LLC Acquires 1,985 Shares of Lam Research Co. (NASDAQ:LRCX)

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Mount Yale Investment Advisors LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 800.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,233 shares of the semiconductor company’s stock after acquiring an additional 1,985 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lam Research were worth $386,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NuWave Investment Management LLC acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $100,000. Clear Perspective Advisors LLC purchased a new stake in Lam Research during the 2nd quarter worth approximately $108,000. Signet Financial Management LLC increased its stake in Lam Research by 21,700.0% during the 2nd quarter. Signet Financial Management LLC now owns 654 shares of the semiconductor company’s stock worth $113,000 after buying an additional 651 shares during the period. Ruggie Capital Group purchased a new stake in Lam Research during the 2nd quarter worth approximately $134,000. Finally, Financial Gravity Wealth Inc. purchased a new stake in Lam Research during the 1st quarter worth approximately $165,000. Institutional investors own 89.21% of the company’s stock.

Shares of LRCX stock traded up $5.99 during mid-day trading on Friday, hitting $143.61. The stock had a trading volume of 3,757,923 shares, compared to its average volume of 3,356,249. Lam Research Co. has a fifty-two week low of $135.99 and a fifty-two week high of $234.88. The stock has a market capitalization of $23.10 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.31 and a current ratio of 2.90.

Lam Research (NASDAQ:LRCX) last released its earnings results on Thursday, July 26th. The semiconductor company reported $5.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.94 by $0.37. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Lam Research had a net margin of 21.49% and a return on equity of 47.14%. The business’s revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the business earned $3.11 EPS. Equities analysts forecast that Lam Research Co. will post 15.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 12th were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.06%. Lam Research’s dividend payout ratio is presently 24.62%.

LRCX has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Lam Research from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. BidaskClub downgraded shares of Lam Research from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. UBS Group raised shares of Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Tuesday, June 26th. Susquehanna Bancshares dropped their price objective on shares of Lam Research from $290.00 to $260.00 and set a “positive” rating on the stock in a research report on Monday, July 9th. Finally, Citigroup dropped their target price on shares of Lam Research from $245.00 to $239.00 and set a “buy” rating on the stock in a research report on Friday, July 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $241.85.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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