CFS Investment Advisory Services LLC Purchases 3,802 Shares of Lam Research Co. (NASDAQ:LRCX)

CFS Investment Advisory Services LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 945.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,204 shares of the semiconductor company’s stock after purchasing an additional 3,802 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Lam Research were worth $304,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Linden Thomas Advisory Services LLC raised its stake in shares of Lam Research by 956.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 39,305 shares of the semiconductor company’s stock valued at $2,839,000 after purchasing an additional 35,583 shares during the period. Geneos Wealth Management Inc. grew its holdings in Lam Research by 892.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,966 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 1,768 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Lam Research by 537.0% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,147 shares of the semiconductor company’s stock valued at $950,000 after buying an additional 11,083 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Lam Research by 797.5% in the fourth quarter. Fifth Third Bancorp now owns 155,044 shares of the semiconductor company’s stock worth $11,199,000 after buying an additional 137,768 shares in the last quarter. Finally, DGS Capital Management LLC boosted its position in shares of Lam Research by 979.7% in the fourth quarter. DGS Capital Management LLC now owns 5,053 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 4,585 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several recent analyst reports. Sanford C. Bernstein lowered their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. KeyCorp upgraded 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, BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Performance

Shares of LRCX stock opened at $79.68 on Friday. 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 fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a market capitalization of $102.52 billion, a P/E ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45. The stock has a 50 day moving average price of $75.43 and a two-hundred day moving average price of $80.07.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 26.02% and a return on equity of 50.60%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $6.85 EPS. Analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

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

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.