1 week Ago By ABMN Staff
Modus Advisors LLC acquired a new position in Lam Research Co. ( NASDAQ:LRCX – Free Report ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 818 shares of the semiconductor company’s stock, valued at approximately $59,000.
Several other institutional investors have also added to or reduced their stakes in LRCX. Quarry LP increased its stake in Lam Research by 175.0% in the 2nd quarter.
Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares during the period. SouthState Corp raised its stake in shares of Lam Research by 163.4% during the second quarter.
SouthState Corp now owns 108 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 67 shares in the last quarter. Intelligence Driven Advisers LLC purchased a new stake in shares of Lam Research in the second quarter valued at approximately $211,000. Lantz Financial LLC bought a new position in Lam Research in the second quarter worth approximately $212,000.
Finally, NCP Inc. purchased a new position in Lam Research during the 2nd quarter worth $213,000. Institutional investors own 84.
61% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on LRCX. Needham & Company LLC reissued a “buy” rating and set a $100.
00 price target on shares of Lam Research in a research report on Thursday, October 24th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price (down previously from $105.
00) on shares of Lam Research in a research report on Thursday, October 24th. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th.
Mizuho cut their price objective on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Friday, September 20th.
Finally, Cantor Fitzgerald restated a “neutral” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company.
According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.24. Lam Research Price Performance NASDAQ LRCX opened at $75.
11 on Friday. The company has a market cap of $96.64 billion, a price-to-earnings ratio of 24.
28, a PEG ratio of 1.22 and a beta of 1.45.
The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.
74. The stock’s fifty day moving average price is $74.67 and its 200 day moving average price is $83.
07. Lam Research Co. has a 1 year low of $68.
87 and a 1 year high of $113.00. Lam Research ( NASDAQ:LRCX – Get Free Report ) last announced its quarterly earnings data on Wednesday, October 23rd.
The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.
05. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.
06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.
02%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year.
During the same period last year, the business posted $6.85 earnings per share. As a group, equities research analysts forecast that Lam Research Co.
will post 3.5 earnings per share for the current year. Lam Research Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th.
Stockholders of record on Wednesday, December 11th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, December 11th.
This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%.
Lam Research’s payout ratio is currently 29.77%. About Lam Research ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co.
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