Range Financial Group LLC Purchases New Shares in Lam Research Co. (NASDAQ:LRCX)

Range Financial Group LLC acquired a new position in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,960 shares of the semiconductor company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Lam Research in the fourth quarter valued at approximately $54,000. Stonehearth Capital Management LLC grew its stake in Lam Research by 802.3% in the 4th quarter. Stonehearth Capital Management LLC now owns 2,788 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 2,479 shares during the period. Diversified Trust Co increased its position in shares of Lam Research by 8.3% during the 4th quarter. Diversified Trust Co now owns 3,741 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 286 shares during the last quarter. Fortem Financial Group LLC raised its stake in shares of Lam Research by 928.9% during the 4th quarter. Fortem Financial Group LLC now owns 3,910 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 3,530 shares during the period. Finally, Insight Wealth Strategies LLC boosted its holdings in shares of Lam Research by 1,154.0% in the 4th quarter. Insight Wealth Strategies LLC now owns 103,703 shares of the semiconductor company’s stock worth $7,490,000 after buying an additional 95,433 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Sanford C. Bernstein reduced their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Mizuho lowered their target price on Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Eight equities 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.24.

Lam Research Trading Down 0.6 %

Shares of LRCX stock opened at $77.52 on Wednesday. The company has a market capitalization of $99.74 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The business’s fifty day moving average is $74.65 and its 200 day moving average is $82.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $6.85 EPS. On average, equities research analysts anticipate that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is currently 29.77%.

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.