Hoxton Planning & Management LLC Makes New Investment in Lam Research Corporation (NASDAQ:LRCX)

Hoxton Planning & Management LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,612 shares of the semiconductor company’s stock, valued at approximately $335,000.

Several other large investors also recently bought and sold shares of the stock. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter valued at about $26,000. West Paces Advisors Inc. purchased a new position in shares of Lam Research in the 4th quarter valued at about $27,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $31,000. Finally, Putney Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Securities dropped their price target on Lam Research from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Barclays set a $83.00 price target on Lam Research and gave the stock an “equal weight” rating in a research note on Monday. Oppenheimer raised their price target on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Cowen raised their price target on Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI raised their price target on Lam Research from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.05.

Lam Research Stock Down 4.3%

LRCX opened at $94.84 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64. The business has a 50 day simple moving average of $93.65 and a 200-day simple moving average of $82.23. The stock has a market capitalization of $121.31 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.40 and a beta of 1.68. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $102.59.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 59.69% and a net margin of 29.07%. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the business posted $1.03 EPS. Lam Research’s quarterly revenue was up 33.6% on a year-over-year basis. On average, equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 18th. Lam Research’s dividend payout ratio (DPR) is presently 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.