486 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. bought a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 486 shares of the semiconductor company’s stock, valued at approximately $35,000.

Several other hedge funds also recently bought and sold shares of LRCX. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares during the last quarter. Insight Wealth Partners LLC acquired a new position in Lam Research during the third quarter worth $202,000. B&L Asset Management LLC purchased a new position in shares of Lam Research during the third quarter worth $204,000. CWC Advisors LLC. acquired a new stake in shares of Lam Research in the third quarter valued at $220,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lam Research in the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 2.0 %

Shares of NASDAQ:LRCX opened at $81.57 on Thursday. The firm has a 50 day simple moving average of $77.12 and a 200-day simple moving average of $77.97. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $104.71 billion, a PE ratio of 24.78, a P/E/G ratio of 1.37 and a beta of 1.46.

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

Lam Research Dividend Announcement

The company 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. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.95%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group lowered 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. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.