Ruggie Capital Group bought a new stake in Lam Research Co. (NASDAQ:LRCX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 778 shares of the semiconductor company’s stock, valued at approximately $134,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. NuWave Investment Management LLC acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $100,000. Clear Perspective Advisors LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $108,000. Signet Financial Management LLC lifted its position in Lam Research by 21,700.0% during the 2nd quarter. Signet Financial Management LLC now owns 654 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 651 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in Lam Research during the 1st quarter worth approximately $165,000. Finally, Bollard Group LLC lifted its position in Lam Research by 43.0% during the 2nd quarter. Bollard Group LLC now owns 1,005 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 302 shares during the period. 89.19% of the stock is owned by hedge funds and other institutional investors.

LRCX opened at $153.12 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.90 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $23.70 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. Lam Research Co. has a 12 month low of $149.02 and a 12 month high of $234.88.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.94 by $0.37. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Lam Research had a return on equity of 47.14% and a net margin of 21.49%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned $3.11 EPS. research analysts forecast that Lam Research Co. will post 15.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 12th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $4.40 annualized dividend and a dividend yield of 2.87%. Lam Research’s dividend payout ratio is currently 24.62%.

A number of analysts have weighed in on the company. ValuEngine cut Lam Research from a “sell” rating to a “strong sell” rating in a research report on Wednesday. BidaskClub cut Lam Research from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Zacks Investment Research raised Lam Research from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Citigroup decreased their price objective on Lam Research from $239.00 to $216.00 and set a “buy” rating for the company in a research report on Monday, July 30th. Finally, Evercore ISI decreased their price objective on Lam Research to $240.00 and set an “outperform” rating for the company in a research report on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $247.01.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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