Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Eads & Heald Wealth Management

Eads & Heald Wealth Management boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 864.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,407 shares of the semiconductor company’s stock after buying an additional 19,187 shares during the quarter. Eads & Heald Wealth Management’s holdings in Lam Research were worth $1,546,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. AE Wealth Management LLC lifted its holdings in shares of Lam Research by 22.5% during the second 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 during the last quarter. Gabelli Funds LLC raised its holdings in shares of Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 16 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 27 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Lam Research by 76.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after purchasing an additional 2,159 shares during the period. Finally, Evergreen Capital Management LLC grew its position in Lam Research by 12.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 852 shares of the semiconductor company’s stock worth $909,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LRCX. The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company decreased their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Trading Up 1.5 %

NASDAQ:LRCX opened at $81.50 on Wednesday. The company’s 50 day moving average is $74.81 and its 200-day moving average is $80.43. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.48 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 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the firm posted $6.85 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Equities analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. Lam Research’s dividend payout ratio is presently 29.74%.

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.