Gradient Investments LLC Has $15.71 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Gradient Investments LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 1,077.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 217,557 shares of the semiconductor company’s stock after purchasing an additional 199,075 shares during the period. Gradient Investments LLC’s holdings in Lam Research were worth $15,714,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LRCX. Midwest Financial Group LLC bought a new position in shares of Lam Research in the 4th quarter worth about $504,000. Exchange Traded Concepts LLC increased its holdings in Lam Research by 971.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 55,794 shares of the semiconductor company’s stock worth $4,030,000 after purchasing an additional 50,585 shares in the last quarter. CX Institutional lifted its stake in Lam Research by 959.4% in the fourth quarter. CX Institutional now owns 28,731 shares of the semiconductor company’s stock valued at $2,075,000 after buying an additional 26,019 shares during the period. Berbice Capital Management LLC bought a new position in shares of Lam Research during the 4th quarter worth approximately $332,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Lam Research by 6,604.9% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 43,850 shares of the semiconductor company’s stock worth $3,164,000 after buying an additional 43,196 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of LRCX opened at $79.68 on Friday. The stock has a 50 day moving average of $75.24 and a 200 day moving average of $80.07. The company has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45. 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.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $6.85 EPS. As a group, sell-side analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

Analyst Ratings Changes

LRCX has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. B. Riley cut their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

About Lam Research

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.