Financial Partners Group LLC Acquires 79,110 Shares of Lam Research Co. (NASDAQ:LRCX)

Financial Partners Group LLC lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, HoldingsChannel reports. The fund owned 87,900 shares of the semiconductor company’s stock after buying an additional 79,110 shares during the period. Lam Research comprises approximately 2.6% of Financial Partners Group LLC’s portfolio, making the stock its 12th biggest holding. Financial Partners Group LLC’s holdings in Lam Research were worth $6,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atwood & Palmer Inc. bought a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. West Oak Capital LLC lifted its position in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares during the period. Finley Financial LLC acquired a new stake in Lam Research during the fourth quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC boosted its stake in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after buying an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Lam Research in the 4th quarter valued at $37,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $81.23 on Friday. The company has a 50 day moving average price of $75.11 and a 200 day moving average price of $80.06. 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 debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The stock has a market capitalization of $104.52 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.85 earnings per share. Analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given 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 1.13%. Lam Research’s payout ratio is presently 29.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LRCX shares. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Barclays decreased their price target 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. Finally, StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

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.