Parisi Gray Wealth Management Increases Stake in Lam Research

Parisi Gray Wealth Management has significantly boosted its investment in Lam Research Co. (NASDAQ:LRCX) by an astounding 652.9% during the fourth quarter, as indicated in their latest filing with the Securities and Exchange Commission (SEC). After expanding their portfolio, the firm now owns a total of 8,350 shares of the semiconductor company, having acquired an additional 7,241 shares in the recent period. The total value of Parisi Gray Wealth Management's holdings in Lam Research is approximately $603,000 based on the most recent SEC filing.

Institutional Investors Adjust Their Holdings

Other hedge funds have also been busy adjusting their stakes in Lam Research. Miracle Mile Advisors LLC has entered a new position in the company valued at around $376,000 during the fourth quarter. Similarly, Burns J W & Co. Inc. NY took a new position worth about $815,000 in the same period. Moreover, Davis Investment Partners LLC increased its holdings by a remarkable 900.0%, now owning 8,000 shares valued at $597,000 after buying an extra 7,200 shares. Marshall & Sullivan Inc. WA also saw a significant increase in their stake by 901.3%, holding 66,119 shares valued at $4,776,000 after purchasing another 59,516 shares. Finally, Claro Advisors LLC raised its position in Lam Research by 483.3% during the fourth quarter, now owning 3,074 shares worth about $222,000. Currently, a noteworthy 84.61% of Lam Research's stock is held by institutional investors.

Current Stock Performance

On Monday, Lam Research's stock saw a slight decline of 0.3%, trading at $74.45. The trading volume was 8,314,866 shares, lower than the average volume of 10,252,869. The company's 50-day moving average price stood at $74.72, while the 200-day moving average price was $81.65. Over the past year, Lam Research has fluctuated between a low of $68.87 and a high of $113.00. With a market capitalization of $95.79 billion, the company has a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.22, and a beta of 1.45. Its debt-to-equity ratio is 0.53, and its current and quick ratios are 2.53 and 1.74, respectively.

Recent Quarterly Earnings Report

Lam Research recently declared its quarterly earnings, reporting $0.86 earnings per share (EPS) for the quarter, which beat analysts' expectations of $0.81 by $0.05. The company generated revenue of $4.17 billion, exceeding the anticipated $4.06 billion. Lam Research recorded a return on equity of 50.60% with a net margin of 26.02%. Compared to the same quarter last year, their revenue increased by 19.7%. This time last year, the business had an EPS of $6.85. Analysts anticipate that Lam Research will report a 3.5 EPS for the current year.

Dividend Announcement

The firm also disclosed a recent quarterly dividend that was paid on January 8. Shareholders on record as of December 11 received a dividend of $0.23 per share, which translates to an annualized dividend of $0.92 and a dividend yield of 1.24%. The ex-dividend date was December 11. Lam Research's dividend payout ratio is 29.77%.

Analysts' Outlook on Lam Research

Several analysts have shared their perspectives on Lam Research recently. Wells Fargo & Company adjusted their target price from $83.00 to $82.00, labeling it as an "equal weight" stock in their research. Furthermore, StockNews.com downgraded Lam Research from a "buy" to a "hold" rating. B. Riley revised their price target from $132.50 to $105.00 while maintaining a "buy" rating. Cantor Fitzgerald reaffirmed a "neutral" rating with a target price of $100.00, and Mizuho lowered their target price to $90.00, endorsing an "outperform" rating. Currently, eight analysts have a hold rating, whereas thirteen analysts recommend buying the stock. According to MarketBeat.com data, Lam Research has an average consensus rating of "Moderate Buy" with a target price averaging $96.59.

Overview of Lam Research Corporation

Lam Research Corporation is engaged in designing, manufacturing, marketing, refurbishing and servicing semiconductor processing equipment used for integrated circuit fabrication. The company’s product line includes ALTUS systems for tungsten metallization, SABRE electrochemical deposition applications for copper interconnects, SOLA products for film treatments, and VECTOR plasma-enhanced chemical vapor deposition products.

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