Fort Sheridan Advisors LLC Has $1.39 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Fort Sheridan Advisors LLC grew its holdings in Lam Research Co. (NASDAQ:LRCXGet Rating) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,582 shares of the semiconductor company’s stock after buying an additional 428 shares during the period. Fort Sheridan Advisors LLC’s holdings in Lam Research were worth $1,388,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in Lam Research by 21.5% during the 1st quarter. Teacher Retirement System of Texas now owns 61,592 shares of the semiconductor company’s stock worth $33,112,000 after purchasing an additional 10,917 shares during the last quarter. Lake Street Financial LLC lifted its holdings in Lam Research by 34.0% during the 1st quarter. Lake Street Financial LLC now owns 2,179 shares of the semiconductor company’s stock worth $1,172,000 after purchasing an additional 553 shares during the last quarter. Banco Santander S.A. acquired a new stake in Lam Research during the 1st quarter worth approximately $228,000. Lindenwold Advisors lifted its holdings in Lam Research by 1.3% during the 1st quarter. Lindenwold Advisors now owns 3,611 shares of the semiconductor company’s stock worth $1,941,000 after purchasing an additional 48 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd increased its stake in Lam Research by 88.0% during the 1st quarter. ICICI Prudential Asset Management Co Ltd now owns 10,934 shares of the semiconductor company’s stock worth $5,998,000 after acquiring an additional 5,117 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. Piper Sandler lowered their price objective on Lam Research from $596.00 to $567.00 and set a “neutral” rating on the stock in a research note on Thursday, May 26th. UBS Group raised their price objective on Lam Research from $510.00 to $530.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Bank of America lowered their price objective on Lam Research from $650.00 to $540.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Lam Research from $560.00 to $480.00 in a research note on Monday, July 18th. Finally, The Goldman Sachs Group lifted their price target on Lam Research from $448.00 to $504.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $613.32.

Lam Research Trading Down 2.2 %

Shares of LRCX stock opened at $519.97 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.82 and a current ratio of 2.69. Lam Research Co. has a 52-week low of $375.87 and a 52-week high of $731.85. The company has a market capitalization of $72.13 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.20 and a beta of 1.33. The business’s fifty day moving average is $457.55 and its 200 day moving average is $501.33.

Lam Research (NASDAQ:LRCXGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $8.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.30 by $1.53. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.21 billion. Lam Research had a return on equity of 75.71% and a net margin of 26.73%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $8.09 earnings per share. On average, equities research analysts anticipate that Lam Research Co. will post 37.6 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th were paid a dividend of $1.50 per share. The ex-dividend date was Tuesday, June 14th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is currently 18.32%.

Lam Research Profile

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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.

Further Reading

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

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