Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 931.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,620 shares of the semiconductor company’s stock after purchasing an additional 3,269 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Lam Research were worth $261,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Lam Research by 6.6% during the 3rd quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock valued at $21,674,000 after buying an additional 1,645 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of Lam Research by 37.1% during the 3rd quarter. Fulton Bank N.A. now owns 1,857 shares of the semiconductor company’s stock valued at $1,515,000 after buying an additional 503 shares during the last quarter. Kesler Norman & Wride LLC bought a new position in Lam Research during the third quarter worth $422,000. Alpha Cubed Investments LLC lifted its stake in Lam Research by 498.3% during the third quarter. Alpha Cubed Investments LLC now owns 2,842 shares of the semiconductor company’s stock worth $2,319,000 after purchasing an additional 2,367 shares during the last quarter. Finally, Axiom Advisory LLC lifted its stake in Lam Research by 17.1% during the third quarter. Axiom Advisory LLC now owns 1,152 shares of the semiconductor company’s stock worth $1,002,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LRCX shares. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Barclays lowered their price target 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. 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, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Trading Down 0.3 %

NASDAQ:LRCX opened at $79.91 on Wednesday. The stock has a market cap of $102.82 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. The stock’s 50-day moving average is $76.18 and its two-hundred day moving average is $78.44. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

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

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.