Parisi Gray Wealth Management Boosts Stake in Lam Research

Parisi Gray Wealth Management has significantly increased its investment in Lam Research Co. (NASDAQ:LRCX), raising its stake by an impressive 652.9% during the fourth quarter, as revealed in the firm's latest filing with the Securities and Exchange Commission. Following this increase, the firm now holds 8,350 shares of the semiconductor company after acquiring an additional 7,241 shares in the period. As of the most recent filing, the value of Parisi Gray Wealth Management's holdings in Lam Research stands at $603,000.

A number of other investment firms have also adjusted their positions in Lam Research. Miracle Mile Advisors LLC established a new stake valued at approximately $376,000 in the fourth quarter. Similarly, Burns J W & Co. Inc. NY has acquired shares worth about $815,000, while Davis Investment Partners LLC boosted its holdings by 900% during the same quarter, now owning 8,000 shares valued at $597,000 after buying an additional 7,200 shares. Marshall & Sullivan Inc. WA also increased its stake by 901.3%, bringing its total to 66,119 shares valued at $4,776,000 after acquiring an additional 59,516 shares last quarter. Finally, Claro Advisors LLC expanded its position by 483.3%, owning 3,074 shares worth $222,000 after an additional purchase of 2,547 shares. Notably, institutional investors currently own 84.61% of Lam Research's stock.

Current Stock Performance

On Monday, Lam Research’s stock experienced a minor decline, trading down by $0.20 to $74.45. The trading volume for the day was recorded at 8,314,866 shares, which is below the average volume of 10,252,869 shares. The company’s stock has shown a 50-day moving average price of $74.72 and a 200-day moving average price of $81.65. Over the past year, Lam Research has reached a low of $68.87 and a high of $113.00, with a market capitalization of $95.79 billion. The company's price-to-earnings ratio stands at 24.06, a price-to-earnings-growth ratio of 1.22, and a beta of 1.45. It boasts a debt-to-equity ratio of 0.53, a current ratio of 2.53, and a quick ratio of 1.74.

Recent Earnings and Dividend Announcement

Lam Research reported its quarterly earnings results on Wednesday, October 23rd. The company announced earnings per share (EPS) of $0.86, surpassing analysts' expectations of $0.81 by $0.05. The revenue for the quarter was $4.17 billion, exceeding the projected revenue of $4.06 billion. The report highlighted a strong return on equity of 50.60% and a net margin of 26.02%, with a year-over-year revenue increase of 19.7%. In the same quarter last year, Lam Research reported an EPS of $6.85. Analysts anticipate that the company will achieve an EPS of 3.5 for the current year. Furthermore, the firm recently declared a quarterly dividend, which shareholders recorded on December 11th, was paid on January 8th, amounting to $0.23 per share. This translates to an annualized dividend of $0.92, yielding a dividend rate of 1.24%. The company's dividend payout ratio stands at 29.77%.

Analyst Ratings and Future Outlook

Several analysts have recently provided insights on Lam Research. Wells Fargo lowered its target price from $83.00 to $82.00 and designated an “equal weight” rating for the company. StockNews.com revised its rating from “buy” to “hold.” Additionally, B. Riley adjusted the price target from $132.50 to $105.00 while maintaining a “buy” rating. Cantor Fitzgerald reaffirmed a “neutral” rating with a price target of $100.00. Mizuho also reduced the target price from $95.00 to $90.00 while keeping an “outperform” rating. The consensus rating among eight analysts stands at “Hold,” while thirteen analysts have a “buy” rating. According to MarketBeat.com, the average target price for Lam Research is $96.59, signifying a general belief in the company's growth potential.

Company Overview

Lam Research Corporation is involved in the design, manufacture, marketing, refurbishment, and service of semiconductor processing equipment essential for the fabrication of integrated circuits. The firm provides several products including ALTUS systems, which are used for tungsten metallization applications, SABRE products for copper interconnects, SOLA systems for film treatments, and VECTOR plasma-enhanced CVD ALD products.

investment, stocks, semiconductors