Hennion & Walsh Asset Management Inc. Purchases 45,799 Shares of Lam Research Co. (NASDAQ:LRCX)

Hennion & Walsh Asset Management Inc. lifted its position in Lam Research Co. (NASDAQ:LRCX) by 1,466.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,923 shares of the semiconductor company’s stock after acquiring an additional 45,799 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lam Research were worth $3,534,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LRCX. West Oak Capital LLC raised its position in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of Lam Research during the fourth quarter valued at approximately $37,000. Eagle Bay Advisors LLC raised its holdings in shares of Lam Research by 484.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after buying an additional 460 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Lam Research by 896.7% during the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 538 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Lam Research by 900.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 558 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX stock opened at $79.22 on Friday. The firm has a 50-day simple moving average of $74.68 and a two-hundred day simple moving average of $81.00. 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 Co. has a one year low of $68.87 and a one year high of $113.00. The firm has a market cap of $101.93 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.37 and a beta of 1.45.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.59.

Lam Research 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.