Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Great Diamond Partners LLC

Great Diamond Partners LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 929.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,911 shares of the semiconductor company’s stock after purchasing an additional 3,531 shares during the period. Great Diamond Partners LLC’s holdings in Lam Research were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. American National Bank & Trust grew its holdings in shares of Lam Research by 34.0% during the third quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 73 shares during the last quarter. Czech National Bank lifted its position in Lam Research by 6.6% during the 3rd quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock worth $21,674,000 after acquiring an additional 1,645 shares during the period. Apella Capital LLC increased its holdings in shares of Lam Research by 938.9% in the third quarter. Apella Capital LLC now owns 3,283 shares of the semiconductor company’s stock valued at $2,679,000 after purchasing an additional 2,967 shares during the period. Eldred Rock Partners LLC raised its stake in shares of Lam Research by 4.3% in the third quarter. Eldred Rock Partners LLC now owns 15,370 shares of the semiconductor company’s stock worth $12,579,000 after purchasing an additional 630 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in shares of Lam Research by 36.9% during the third quarter. Wright Investors Service Inc. now owns 1,906 shares of the semiconductor company’s stock worth $1,555,000 after purchasing an additional 514 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of several research reports. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a report on Friday, January 17th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Barclays decreased their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Mizuho cut 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. Finally, StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Performance

LRCX opened at $81.05 on Friday. The firm’s fifty day simple moving average is $75.88 and its two-hundred day simple moving average is $78.94. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market cap of $104.29 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. Equities analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 27.95%.

Lam Research 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.