Compass Wealth Management LLC Acquires 1,269 Shares of Lam Research Co. (NASDAQ:LRCX)

Compass Wealth Management LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,410 shares of the semiconductor company’s stock after buying an additional 1,269 shares during the period. Compass Wealth Management LLC’s holdings in Lam Research were worth $102,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LRCX. Nikulski Financial Inc. boosted its stake in Lam Research by 913.5% during the fourth quarter. Nikulski Financial Inc. now owns 52,173 shares of the semiconductor company’s stock worth $3,768,000 after acquiring an additional 47,025 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Lam Research by 900.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,000 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 900 shares during the period. CFS Investment Advisory Services LLC boosted its position in shares of Lam Research by 945.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 4,204 shares of the semiconductor company’s stock worth $304,000 after purchasing an additional 3,802 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Lam Research by 956.0% in 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 buying an additional 35,583 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Lam Research by 892.9% in 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. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. 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. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, B. Riley dropped their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Stock Down 1.9 %

LRCX opened at $79.68 on Friday. The company’s 50-day moving average price is $75.43 and its two-hundred day moving average price is $80.07. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The stock has a market cap of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45.

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

Lam Research Dividend Announcement

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