SS&H Financial Advisors Inc. Has $2.10 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

SS&H Financial Advisors Inc. increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 931.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,008 shares of the semiconductor company’s stock after buying an additional 26,197 shares during the period. SS&H Financial Advisors Inc.’s holdings in Lam Research were worth $2,096,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. West Oak Capital LLC raised its position in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in Lam Research by 484.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 460 shares during the last quarter. Fortitude Family Office LLC raised its position in Lam Research by 896.7% during the fourth quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 538 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Lam Research by 900.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 558 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its stake in shares of Lam Research by 879.7% in the 4th quarter. Highline Wealth Partners LLC now owns 676 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 607 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 0.8 %

LRCX stock opened at $75.06 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market cap of $96.58 billion, a P/E ratio of 24.26, a P/E/G ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock’s fifty day simple moving average is $74.70 and its two-hundred day simple moving average is $81.22.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the business posted $6.85 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Analysts expect that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The firm 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 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.77%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LRCX. Sanford C. Bernstein reduced their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Wells Fargo & Company dropped their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Mizuho cut their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, 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. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus 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.