Stratos Wealth Partners LTD. Has $7.35 Million Position in Lam Research Corporation (NASDAQ:LRCX)

Stratos Wealth Partners LTD. lessened its position in Lam Research Corporation (NASDAQ:LRCX) by 7.0% in the first quarter, Holdings Channel.com reports. The firm owned 101,043 shares of the semiconductor company’s stock after selling 7,660 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Lam Research were worth $7,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. Fairway Wealth LLC increased its stake in shares of Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 306 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research in the 1st quarter valued at approximately $26,000. West Paces Advisors Inc. acquired a new position in Lam Research in the 4th quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in Lam Research in the 4th quarter valued at approximately $27,000. Finally, Avalon Trust Co increased its holdings in Lam Research by 791.3% in the fourth quarter. Avalon Trust Co now owns 410 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LRCX shares. Jefferies Financial Group increased their price objective on Lam Research from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, March 28th. Evercore ISI increased their price target on Lam Research from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target on Lam Research from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. UBS Group decreased their target price on shares of Lam Research from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Argus raised shares of Lam Research to a “strong-buy” rating in a research report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.05.

Lam Research Stock Performance

Shares of LRCX opened at $99.83 on Wednesday. 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 stock has a 50-day moving average of $86.81 and a 200-day moving average of $79.35. The company has a market cap of $127.69 billion, a PE ratio of 27.82, a P/E/G ratio of 1.38 and a beta of 1.68. Lam Research Corporation has a one year low of $56.32 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the business posted $7.79 EPS. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

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.