NBT Bank N A NY Has $94,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

NBT Bank N A NY boosted its position in Lam Research Co. (NASDAQ:LRCX) by 796.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,300 shares of the semiconductor company’s stock after purchasing an additional 1,155 shares during the quarter. NBT Bank N A NY’s holdings in Lam Research were worth $94,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bell Investment Advisors Inc increased its position in shares of Lam Research by 836.6% during the 4th quarter. Bell Investment Advisors Inc now owns 384 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 343 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of Lam Research by 1,033.2% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 20,681 shares of the semiconductor company’s stock worth $1,494,000 after purchasing an additional 18,856 shares during the last quarter. Enterprise Financial Services Corp increased its position in shares of Lam Research by 882.0% during the 4th quarter. Enterprise Financial Services Corp now owns 3,977 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 3,572 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Lam Research during the 4th quarter worth approximately $1,383,000. Finally, BOK Financial Private Wealth Inc. increased its position in shares of Lam Research by 43,200.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 433 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $73.36 on Wednesday. The stock has a fifty day moving average price of $79.35 and a 200-day moving average price of $77.52. The company has a market cap of $94.17 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.25%. Lam Research’s payout ratio is 27.96%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. Susquehanna raised Lam Research from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $98.22.

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.