Clarius Group LLC Acquires 3,219 Shares of Lam Research Corporation (NASDAQ:LRCX)

Clarius Group LLC increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 32.7% during the 1st quarter, HoldingsChannel reports. The firm owned 13,053 shares of the semiconductor company’s stock after purchasing an additional 3,219 shares during the period. Clarius Group LLC’s holdings in Lam Research were worth $949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Investment Partners Asset Management Inc. raised its stake in shares of Lam Research by 5.4% in the 1st quarter. Investment Partners Asset Management Inc. now owns 4,373 shares of the semiconductor company’s stock valued at $318,000 after purchasing an additional 226 shares during the period. Salem Investment Counselors Inc. raised its position in Lam Research by 5.5% in the 1st quarter. Salem Investment Counselors Inc. now owns 4,716 shares of the semiconductor company’s stock valued at $344,000 after buying an additional 246 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in Lam Research by 1.9% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 13,243 shares of the semiconductor company’s stock valued at $963,000 after buying an additional 248 shares during the last quarter. Walker Asset Management LLC lifted its stake in Lam Research by 7.8% in the 1st quarter. Walker Asset Management LLC now owns 3,862 shares of the semiconductor company’s stock valued at $281,000 after acquiring an additional 281 shares in the last quarter. Finally, Paladin Wealth LLC grew its stake in shares of Lam Research by 4.0% during the 1st quarter. Paladin Wealth LLC now owns 7,489 shares of the semiconductor company’s stock worth $544,000 after acquiring an additional 289 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX opened at $92.24 on Thursday. The stock has a market cap of $117.99 billion, a PE ratio of 25.71, a P/E/G ratio of 1.30 and a beta of 1.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. The firm has a 50-day moving average of $78.65 and a 200-day moving average of $77.39. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $113.00.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.00%. Lam Research’s dividend payout ratio (DPR) is presently 25.63%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of Lam Research from $85.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Argus upgraded Lam Research to a “strong-buy” rating in a report on Friday, April 25th. Stifel Nicolaus reduced their price target on Lam Research from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. TD Cowen lowered their price target on Lam Research from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays cut their price objective on Lam Research from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $92.78.

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.