Willner & Heller LLC Buys New Stake in Lam Research Co. (NASDAQ:LRCX)

Willner & Heller LLC purchased a new position in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,143 shares of the semiconductor company’s stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blair William & Co. IL lifted its holdings in Lam Research by 8.0% in the second quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company’s stock valued at $6,128,000 after acquiring an additional 426 shares during the period. MQS Management LLC purchased a new stake in Lam Research in the 2nd quarter valued at $228,000. Benjamin Edwards Inc. lifted its stake in shares of Lam Research by 5.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 17 shares during the last quarter. AE Wealth Management LLC raised its position in Lam Research by 22.5% in the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock valued at $1,019,000 after purchasing an additional 176 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Lam Research by 6.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company’s stock valued at $37,967,000 after purchasing an additional 2,288 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.4 %

Shares of Lam Research stock opened at $80.30 on Monday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $74.73 and a 200-day simple moving average of $80.81.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the company earned $6.85 EPS. On average, equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. 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 research note on Friday, November 29th. Finally, Stifel Nicolaus reissued 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. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

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.