Lam Research Corporation (NASDAQ:LRCX) Stock Position Increased by Silver Coast Investments LLC

Silver Coast Investments LLC raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,295 shares of the semiconductor company’s stock after buying an additional 1,565 shares during the period. Silver Coast Investments LLC’s holdings in Lam Research were worth $530,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Probity Advisors Inc. grew its stake in shares of Lam Research by 3.8% in the 1st quarter. Probity Advisors Inc. now owns 37,519 shares of the semiconductor company’s stock worth $2,728,000 after purchasing an additional 1,375 shares during the last quarter. Earned Wealth Advisors LLC increased its position in shares of Lam Research by 29.9% in the first quarter. Earned Wealth Advisors LLC now owns 8,074 shares of the semiconductor company’s stock worth $587,000 after acquiring an additional 1,857 shares in the last quarter. NewEdge Wealth LLC increased its position in shares of Lam Research by 1.6% in the first quarter. NewEdge Wealth LLC now owns 429,235 shares of the semiconductor company’s stock worth $31,205,000 after acquiring an additional 6,859 shares in the last quarter. Allianz SE boosted its holdings in shares of Lam Research by 6.3% during the first quarter. Allianz SE now owns 20,170 shares of the semiconductor company’s stock worth $1,466,000 after purchasing an additional 1,202 shares during the period. Finally, Raiffeisen Bank International AG boosted its holdings in shares of Lam Research by 22.4% during the first quarter. Raiffeisen Bank International AG now owns 151,502 shares of the semiconductor company’s stock worth $11,001,000 after purchasing an additional 27,728 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. B. Riley reissued a “buy” rating and issued a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the stock a “hold” rating in a report on Thursday, April 24th. TD Cowen raised their price target on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays set a $83.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.09.

Lam Research Trading Up 1.6%

LRCX opened at $96.37 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The company has a market cap of $123.27 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. The firm has a 50 day simple moving average of $93.96 and a 200 day simple moving average of $82.44. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $102.59.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 33.6% on a year-over-year basis. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 18th. Lam Research’s dividend payout ratio is 22.12%.

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.