Baker Ellis Asset Management LLC Has $9.03 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Baker Ellis Asset Management LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 886.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,990 shares of the semiconductor company’s stock after purchasing an additional 112,317 shares during the quarter. Lam Research accounts for 1.3% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 20th largest holding. Baker Ellis Asset Management LLC’s holdings in Lam Research were worth $9,028,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. boosted its holdings in Lam Research by 900.0% during the fourth quarter. Westside Investment Management Inc. now owns 7,670 shares of the semiconductor company’s stock valued at $554,000 after purchasing an additional 6,903 shares in the last quarter. Janney Capital Management LLC acquired a new position in shares of Lam Research in the 4th quarter worth approximately $513,000. Magnus Financial Group LLC boosted its holdings in shares of Lam Research by 5,437.5% in the 4th quarter. Magnus Financial Group LLC now owns 22,759 shares of the semiconductor company’s stock worth $1,644,000 after acquiring an additional 22,348 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of Lam Research by 874.2% in the 4th quarter. Daymark Wealth Partners LLC now owns 14,896 shares of the semiconductor company’s stock worth $1,076,000 after acquiring an additional 13,367 shares in the last quarter. Finally, Finley Financial LLC acquired a new position in shares of Lam Research in the 4th quarter worth approximately $30,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of Lam Research stock opened at $83.25 on Thursday. The firm has a fifty day moving average of $74.92 and a two-hundred day moving average of $80.24. The stock has a market capitalization of $107.12 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.50 and a beta of 1.45. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.85 EPS. As a group, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LRCX. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Sanford C. Bernstein reduced their target price on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

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.