Kavar Capital Partners Group LLC Makes New $225,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Kavar Capital Partners Group LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,120 shares of the semiconductor company’s stock, valued at approximately $225,000.

A number of other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares during the last quarter. State Street Corp grew its holdings in Lam Research by 1.6% during the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock worth $4,817,113,000 after acquiring an additional 94,086 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lam Research by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock worth $2,539,413,000 after purchasing an additional 64,053 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Lam Research in the fourth quarter worth about $175,652,000. Finally, Fisher Asset Management LLC increased its holdings in Lam Research by 0.6% in the third quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock valued at $1,527,273,000 after buying an additional 11,093 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LRCX shares. Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Price Performance

NASDAQ LRCX opened at $79.68 on Monday. The firm has a market capitalization of $102.52 billion, a PE ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company’s 50 day simple moving average is $75.43 and its 200 day simple moving average is $79.63.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.74%.

About Lam Research

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.