5,202 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, Holdings Channel.com reports. The firm bought 5,202 shares of the semiconductor company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP increased its stake in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 56 shares during the period. NCP Inc. bought a new stake in Lam Research during the 2nd quarter worth approximately $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares during the period. Mill Creek Capital Advisors LLC acquired a new position in shares of Lam Research during the second quarter worth $226,000. Finally, MQS Management LLC bought a new stake in shares of Lam Research in the second quarter worth $228,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Mizuho reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.59.

Lam Research Trading Up 4.0 %

Shares of Lam Research stock opened at $79.22 on Friday. The stock has a market capitalization of $101.93 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a 50 day moving average price of $74.68 and a two-hundred day moving average price 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 (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the business posted $6.85 EPS. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, equities analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal 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 given a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.16%. Lam Research’s payout ratio is 29.74%.

Lam Research Company 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.