2,821 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,821 shares of the semiconductor company’s stock, valued at approximately $204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Lam Research by 7,718.2% during the fourth quarter. Pinnacle Bancorp Inc. now owns 860 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 849 shares during the period. Armstrong Advisory Group Inc. raised its position in Lam Research by 900.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 2,110 shares of the semiconductor company’s stock worth $152,000 after purchasing an additional 1,899 shares during the last quarter. Burney Co. lifted its holdings in Lam Research by 920.0% during the 4th quarter. Burney Co. now owns 180,638 shares of the semiconductor company’s stock worth $13,047,000 after buying an additional 162,928 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Lam Research by 1,242.8% in the 4th quarter. Wolff Wiese Magana LLC now owns 3,827 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 3,542 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at about $37,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LRCX shares. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. B. Riley reduced their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Mizuho decreased 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 report on Friday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $76.15 on Thursday. 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 stock’s 50 day moving average is $74.70 and its 200-day moving average is $81.22. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a market capitalization of $97.98 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted 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 company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $6.85 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Sell-side analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.21%. 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.