Burns J W & Co. Inc. NY Purchases Shares of 11,280 Lam Research Co. (NASDAQ:LRCX)

Burns J W & Co. Inc. NY purchased a new position in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,280 shares of the semiconductor company’s stock, valued at approximately $815,000.

Other large investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position in Lam Research by 378.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 2,245 shares of the semiconductor company’s stock worth $2,391,000 after acquiring an additional 1,776 shares during the period. HBK Sorce Advisory LLC lifted its position in Lam Research by 2.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 682 shares of the semiconductor company’s stock worth $726,000 after buying an additional 16 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Lam Research by 5.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,425 shares of the semiconductor company’s stock valued at $1,517,000 after buying an additional 68 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of Lam Research by 52.2% in the second quarter. Thoroughbred Financial Services LLC now owns 1,630 shares of the semiconductor company’s stock worth $1,736,000 after acquiring an additional 559 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Lam Research by 23.7% during the second quarter. Wealthspire Advisors LLC now owns 1,150 shares of the semiconductor company’s stock worth $1,225,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX traded down $0.20 on Monday, hitting $74.45. The stock had a trading volume of 8,015,017 shares, compared to its average volume of 10,250,239. The company has a market capitalization of $95.79 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.22 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 firm’s 50 day moving average price is $74.72 and its 200-day moving average price is $81.65. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping 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 business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the business earned $6.85 EPS. Lam Research’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts predict that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 yield of 1.24%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Mizuho dropped their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target 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.