KPP Advisory Services LLC Purchases 154 Shares of Lam Research Co. (NASDAQ:LRCX)

KPP Advisory Services LLC grew its position in Lam Research Co. (NASDAQ:LRCX) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,001 shares of the semiconductor company’s stock after purchasing an additional 154 shares during the quarter. KPP Advisory Services LLC’s holdings in Lam Research were worth $1,066,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LRCX. Scotia Capital Inc. grew its stake in Lam Research by 1.8% during the fourth quarter. Scotia Capital Inc. now owns 1,465 shares of the semiconductor company’s stock worth $1,147,000 after purchasing an additional 26 shares during the period. Rathbones Group PLC acquired a new stake in shares of Lam Research during the 4th quarter worth approximately $229,000. The Manufacturers Life Insurance Company grew its position in shares of Lam Research by 1.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 115,559 shares of the semiconductor company’s stock worth $90,513,000 after buying an additional 2,011 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Lam Research by 37.9% in the 4th quarter. CWA Asset Management Group LLC now owns 1,601 shares of the semiconductor company’s stock valued at $1,254,000 after acquiring an additional 440 shares in the last quarter. Finally, Spinecap SAS bought a new position in Lam Research during the fourth quarter worth $8,469,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $816.08 on Tuesday. The company has a market capitalization of $106.70 billion, a PE ratio of 30.01, a PEG ratio of 1.51 and a beta of 1.48. The company has a quick ratio of 2.00, a current ratio of 2.97 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $814.61 and its 200-day moving average price is $919.39. Lam Research Co. has a twelve month low of $574.42 and a twelve month high of $1,130.00.

Lam Research’s stock is set to split on Thursday, October 3rd. The 10-1 split was announced on Tuesday, May 21st. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, October 2nd.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $7.58 by $0.56. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the firm earned $5.98 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts anticipate that Lam Research Co. will post 35.2 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a $2.30 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $2.00. This represents a $9.20 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is presently 33.84%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research analyst reports. Raymond James increased their price objective on shares of Lam Research from $950.00 to $1,060.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Lam Research from $1,100.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Morgan Stanley lowered their target price on Lam Research from $929.00 to $774.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 17th. Mizuho reduced their price target on shares of Lam Research from $1,050.00 to $950.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,002.32.

Insider Activity at Lam Research

In other news, SVP Neil J. Fernandes sold 1,620 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,056.99, for a total transaction of $1,712,323.80. Following the sale, the senior vice president now directly owns 5,237 shares in the company, valued at $5,535,456.63. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is currently owned by corporate insiders.

Lam Research Profile

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.