Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC raised its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,376.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,293 shares of the semiconductor company’s stock after purchasing an additional 32,903 shares during the quarter. Capital Investment Advisors LLC’s holdings in Lam Research were worth $2,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brookstone Capital Management lifted its stake in Lam Research by 339.3% during the fourth quarter. Brookstone Capital Management now owns 18,762 shares of the semiconductor company’s stock valued at $1,355,000 after purchasing an additional 14,491 shares during the last quarter. Green Alpha Advisors LLC increased its holdings in shares of Lam Research by 851.4% in the fourth quarter. Green Alpha Advisors LLC now owns 24,659 shares of the semiconductor company’s stock valued at $1,781,000 after buying an additional 22,067 shares in the last quarter. Paragon Advisors LLC lifted its position in shares of Lam Research by 1,401.8% during the 4th quarter. Paragon Advisors LLC now owns 33,370 shares of the semiconductor company’s stock valued at $2,410,000 after acquiring an additional 31,148 shares during the last quarter. Czech National Bank grew its holdings in shares of Lam Research by 950.4% in the 4th quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock worth $20,151,000 after acquiring an additional 252,420 shares during the last quarter. Finally, West Oak Capital LLC lifted its holdings in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LRCX shares. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Sanford C. Bernstein cut their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. Citigroup lowered their price objective on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research report on Monday, September 16th. B. Riley reduced their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Mizuho lowered their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Stock Down 0.3 %

Shares of LRCX stock opened at $74.45 on Tuesday. The company has a market capitalization of $95.79 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock’s 50 day simple moving average is $74.72 and its 200 day simple moving average is $81.43. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business 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%. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $6.85 earnings per share. As a group, research analysts predict that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.24%. Lam Research’s dividend payout ratio is presently 29.77%.

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.