Tealwood Asset Management Inc. Increases Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Tealwood Asset Management Inc. raised its position in Lam Research Co. (NASDAQ:LRCX) by 903.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,792 shares of the semiconductor company’s stock after acquiring an additional 16,019 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Lam Research were worth $1,285,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LRCX. Dale Q Rice Investment Management Ltd acquired a new stake in Lam Research during the 4th quarter valued at $469,000. AdvisorNet Financial Inc grew its stake in shares of Lam Research by 972.6% during the fourth quarter. AdvisorNet Financial Inc now owns 6,618 shares of the semiconductor company’s stock valued at $478,000 after acquiring an additional 6,001 shares in the last quarter. Parisi Gray Wealth Management increased its position in shares of Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock worth $603,000 after acquiring an additional 7,241 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Lam Research in the fourth quarter worth about $376,000. Finally, Burns J W & Co. Inc. NY purchased a new position in Lam Research in the fourth quarter valued at about $815,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.3 %

Lam Research stock opened at $74.45 on Tuesday. The firm has a 50-day moving average price of $74.72 and a two-hundred day moving average price of $81.43. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market capitalization of $95.79 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.22 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 data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the company posted $6.85 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Sell-side analysts expect that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LRCX. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Sanford C. Bernstein reduced their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. The Goldman Sachs Group dropped their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday. Finally, Mizuho cut their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

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.