Dynamic Advisor Solutions LLC Purchases 1,161 Shares of Lam Research Corporation (NASDAQ:LRCX)

Dynamic Advisor Solutions LLC lifted its position in Lam Research Corporation (NASDAQ:LRCX) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,308 shares of the semiconductor company’s stock after buying an additional 1,161 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Lam Research were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. One Charles Private Wealth Services LLC grew its stake in shares of Lam Research by 843.4% in the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 3,576 shares in the last quarter. Brighton Jones LLC boosted its position in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Congress Asset Management Co. boosted its position in Lam Research by 903.7% during the fourth quarter. Congress Asset Management Co. now owns 3,764 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 3,389 shares during the period. Principal Securities Inc. boosted its position in Lam Research by 1,189.2% during the fourth quarter. Principal Securities Inc. now owns 30,657 shares of the semiconductor company’s stock worth $2,214,000 after purchasing an additional 28,279 shares during the period. Finally, Allworth Financial LP boosted its position in Lam Research by 2,006.2% during the fourth quarter. Allworth Financial LP now owns 44,778 shares of the semiconductor company’s stock worth $3,234,000 after purchasing an additional 42,652 shares during the period. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. TD Securities reduced their price objective on shares of Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. TD Cowen reduced their price objective on shares of Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the stock a “hold” rating in a research report on Thursday, April 24th. B. Riley reissued a “buy” rating on shares of Lam Research in a report on Thursday, April 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 target price on shares of Lam Research in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.30.

Lam Research Stock Down 0.8%

LRCX stock opened at $92.66 on Wednesday. The company has a market cap of $118.52 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.32 and a beta of 1.65. The business has a 50-day simple moving average of $78.22 and a 200 day simple moving average of $77.29. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $113.00. The company has a quick ratio of 1.64, a current ratio of 2.45 and a debt-to-equity ratio of 0.39.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.79 earnings per share. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.99%. Lam Research’s dividend payout ratio (DPR) is currently 25.63%.

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.