Brady Martz Wealth Solutions LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Brady Martz Wealth Solutions LLC acquired a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,453 shares of the semiconductor company’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP increased its holdings in Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares in the last quarter. NCP Inc. purchased a new stake in Lam Research in the 2nd quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter worth $226,000. Finally, MQS Management LLC purchased a new stake in shares of Lam Research in the second quarter valued at about $228,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 1.4 %

Shares of NASDAQ:LRCX opened at $80.30 on Friday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. 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’s 50-day moving average price is $74.73 and its 200-day moving average price is $80.99. The stock has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. On average, equities analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRCX. B. Riley reduced their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Morgan Stanley boosted their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company decreased their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Lam Research in a 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. Based on data from MarketBeat.com, Lam Research presently 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.