Compass Wealth Management LLC Raises Stock Position in Lam Research Co. (NASDAQ:LRCX)

Compass Wealth Management LLC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,410 shares of the semiconductor company’s stock after purchasing an additional 1,269 shares during the quarter. Compass Wealth Management LLC’s holdings in Lam Research were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Lam Research by 1,394.7% in the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after buying an additional 15,005,178 shares in the last quarter. State Street Corp increased its stake in Lam Research by 1.6% in the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock worth $4,817,113,000 after acquiring an additional 94,086 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lam Research by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock valued at $2,539,413,000 after acquiring an additional 64,053 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Lam Research during the 4th quarter valued at about $175,652,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Lam Research by 0.6% during the third quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock worth $1,527,273,000 after purchasing an additional 11,093 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 1.9 %

LRCX opened at $79.68 on Friday. The firm has a market capitalization 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 Co. has a one year low of $68.87 and a one year high of $113.00. The business has a 50 day simple moving average of $75.43 and a two-hundred day simple moving average of $80.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

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, 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 analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the business posted $6.85 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The business 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. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is currently 29.74%.

Analysts Set New Price Targets

LRCX has been the subject of several research analyst reports. Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Mizuho cut their target price 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. Morgan Stanley raised their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus 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.