Sonora Investment Management Group LLC Boosts Stake in Lam Research Co. (NASDAQ:LRCX)

Sonora Investment Management Group LLC grew its stake in Lam Research Co. (NASDAQ:LRCX) by 873.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,186 shares of the semiconductor company’s stock after acquiring an additional 7,345 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Lam Research were worth $591,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after acquiring an additional 15,005,178 shares in the last quarter. Swedbank AB raised its holdings in shares of Lam Research by 1,488.8% in the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after buying an additional 2,875,843 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Lam Research during the fourth quarter valued at $175,652,000. KBC Group NV increased its position in shares of Lam Research by 904.7% in the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after acquiring an additional 1,234,595 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Lam Research by 779.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company’s stock valued at $68,130,000 after purchasing an additional 836,044 shares during the period. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LRCX shares. B. Riley dropped their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $91.00 in a report on Thursday. Finally, StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Price Performance

Lam Research stock opened at $80.73 on Friday. 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 company has a market capitalization of $103.87 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. The company’s 50 day simple moving average is $75.72 and its 200-day simple moving average is $78.93. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data 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 52.58% and a net margin of 26.49%. As a group, equities research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid 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 yield of 1.14%. Lam Research’s payout ratio is 27.95%.

Lam Research Company 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.