Valeo Financial Advisors LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Valeo Financial Advisors LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,181 shares of the semiconductor company’s stock, valued at approximately $1,313,000.

A number of other hedge funds have also recently modified their holdings of the company. Parisi Gray Wealth Management grew its stake in shares of Lam Research by 652.9% in the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after buying an additional 7,241 shares during the period. Burns J W & Co. Inc. NY acquired a new stake in Lam Research during the fourth quarter worth $815,000. Jennison Associates LLC raised its position in Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock valued at $194,451,000 after purchasing an additional 39,725 shares during the period. Creative Planning lifted its stake in shares of Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock worth $29,372,000 after purchasing an additional 14,658 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.7 %

NASDAQ:LRCX opened at $82.75 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The stock has a market cap of $106.22 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46. The stock has a 50-day simple moving average of $77.48 and a 200-day simple moving average of $77.99.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.11%. Lam Research’s dividend payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LRCX shares. Barclays decreased their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley increased their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

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.