6,263 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by Visionary Horizons LLC

Visionary Horizons LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,263 shares of the semiconductor company’s stock, valued at approximately $452,000.

Several other large investors have also made changes to their positions in the business. CWM LLC increased its holdings in Lam Research by 7.3% in the 3rd quarter. CWM LLC now owns 4,857 shares of the semiconductor company’s stock valued at $3,964,000 after acquiring an additional 332 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Lam Research by 37.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,865 shares of the semiconductor company’s stock valued at $6,418,000 after purchasing an additional 2,150 shares in the last quarter. Peak Financial Advisors LLC increased its holdings in shares of Lam Research by 20.6% in the third quarter. Peak Financial Advisors LLC now owns 3,587 shares of the semiconductor company’s stock worth $2,927,000 after purchasing an additional 613 shares during the last quarter. Mechanics Bank Trust Department increased its holdings in shares of Lam Research by 36.5% in the third quarter. Mechanics Bank Trust Department now owns 1,588 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 425 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Lam Research by 30.1% in the third quarter. Exchange Traded Concepts LLC now owns 5,209 shares of the semiconductor company’s stock worth $4,251,000 after purchasing an additional 1,204 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research reports. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $100.00 in a report on Thursday, January 30th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Stock Down 0.6 %

Shares of NASDAQ LRCX opened at $82.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm has a market capitalization of $105.68 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46. The stock has a 50 day moving average price of $76.92 and a 200 day moving average price of $78.32. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Sell-side analysts expect that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is 27.95%.

Lam Research Company 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.