Transform Wealth LLC Invests $17.27 Million in Lam Research Co. (NASDAQ:LRCX)

Transform Wealth LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 238,334 shares of the semiconductor company’s stock, valued at approximately $17,269,000. Lam Research makes up approximately 1.0% of Transform Wealth LLC’s portfolio, making the stock its 23rd largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares during the last quarter. NCP Inc. purchased a new stake in Lam Research in the second quarter valued at approximately $213,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Lam Research by 2,400.0% in the third 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 stake in Lam Research during the 2nd quarter worth $226,000. Finally, Advisory Alpha LLC acquired a new stake in shares of Lam Research during the second quarter worth about $256,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LRCX. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. The Goldman Sachs Group dropped their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, B. Riley cut their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Up 1.4 %

Shares of NASDAQ:LRCX opened at $80.30 on Tuesday. 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 company has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.48 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’s fifty day simple moving average is $74.81 and its 200-day simple moving average is $80.43.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating 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 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 firm posted $6.85 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. As a group, equities research analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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