Nvwm LLC Raises Stock Position in Lam Research Co. (NASDAQ:LRCX)

Nvwm LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 742.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,174 shares of the semiconductor company’s stock after purchasing an additional 12,491 shares during the period. Nvwm LLC’s holdings in Lam Research were worth $1,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares in the last quarter. Sunflower Bank N.A. purchased a new position in Lam Research during the 3rd quarter valued at about $202,000. Insight Wealth Partners LLC bought a new stake in shares of Lam Research in the 3rd quarter valued at about $202,000. B&L Asset Management LLC purchased a new position in Lam Research during the third quarter valued at approximately $204,000. Finally, CWC Advisors LLC. bought a new position in Lam Research in the third quarter worth approximately $220,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.3 %

Shares of Lam Research stock opened at $79.91 on Wednesday. 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 quick ratio of 1.73 and a current ratio of 2.54. The stock has a 50 day moving average of $76.32 and a 200 day moving average of $78.33. The firm has a market capitalization of $102.82 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last issued 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 net margin of 26.49% and a return on equity of 51.86%. As a group, research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LRCX shares. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Barclays decreased their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.72.

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.