Beaumont Financial Advisors LLC Acquires 18,707 Shares of Lam Research Co. (NASDAQ:LRCX)

Beaumont Financial Advisors LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 901.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,783 shares of the semiconductor company’s stock after buying an additional 18,707 shares during the period. Beaumont Financial Advisors LLC’s holdings in Lam Research were worth $1,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRCX. Parisi Gray Wealth Management boosted its stake in Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 7,241 shares during the period. Burns J W & Co. Inc. NY acquired a new position in shares of Lam Research in the 4th quarter valued at $815,000. Jennison Associates LLC increased its stake in Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock valued at $194,451,000 after acquiring an additional 39,725 shares during the period. Creative Planning grew its stake in shares of Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after purchasing an additional 1,146 shares during the period. Finally, Vest Financial LLC lifted its position in shares of Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock worth $29,372,000 after buying an additional 14,658 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 1.5 %

Lam Research stock opened at $81.50 on Wednesday. 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 $104.87 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45. The company’s 50-day moving average price is $74.81 and its two-hundred day moving average price is $80.43. 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 (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $6.85 EPS. As a group, analysts expect that Lam Research Co. will post 3.51 EPS for the current 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 paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. B. Riley cut their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. 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 data from MarketBeat.com, the company 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.