Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Valued Wealth Advisors LLC

Valued Wealth Advisors LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 929.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 700 shares of the semiconductor company’s stock after purchasing an additional 632 shares during the quarter. Valued Wealth Advisors LLC’s holdings in Lam Research were worth $51,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. Van ECK Associates Corp lifted its stake in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Lam Research in the fourth quarter valued at about $175,652,000. KBC Group NV boosted its holdings in Lam Research by 904.7% in the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after purchasing an additional 1,234,595 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Lam Research during the 4th quarter worth approximately $35,253,000. Finally, Guinness Asset Management LTD lifted its holdings in shares of Lam Research by 1,129.8% in the 4th quarter. Guinness Asset Management LTD now owns 482,156 shares of the semiconductor company’s stock valued at $34,825,000 after buying an additional 442,949 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the subject of several research analyst reports. Sanford C. Bernstein cut their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. Mizuho reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. 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 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 a consensus price target of $95.77.

Lam Research Stock Down 1.9 %

Shares of NASDAQ LRCX opened at $79.68 on Monday. The firm has a market cap of $102.52 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. 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 1 year low of $68.87 and a 1 year high of $113.00. The firm’s 50 day moving average price is $75.43 and its 200 day moving average price is $79.63.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 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.