Berbice Capital Management LLC Buys Shares of 4,600 Lam Research Co. (NASDAQ:LRCX)

Berbice Capital Management LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,600 shares of the semiconductor company's stock, valued at approximately $332,000.

Several other hedge funds also recently added to or reduced their stakes in LRCX. Gabelli Funds LLC raised its stake in shares of Lam Research by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock worth $319,000 after buying an additional 16 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Lam Research by 76.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company's stock valued at $5,314,000 after purchasing an additional 2,159 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Lam Research by 2.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after purchasing an additional 23 shares in the last quarter. Fred Alger Management LLC lifted its position in Lam Research by 4.4% during the 2nd quarter. Fred Alger Management LLC now owns 6,413 shares of the semiconductor company's stock worth $6,829,000 after acquiring an additional 269 shares in the last quarter. Finally, AXA S.A. lifted its position in Lam Research by 13.9% during the 2nd quarter. AXA S.A. now owns 42,230 shares of the semiconductor company's stock worth $44,969,000 after acquiring an additional 5,155 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $1.55 during trading on Friday, hitting $79.68. 9,088,071 shares of the company were exchanged, compared to its average volume of 11,184,891. The company has a market cap of $102.52 billion, a PE ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. The stock has a 50 day moving average of $75.24 and a 200 day moving average of $80.07. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research (NASDAQ:LRCX - Get Free Report) 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. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm's revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $6.85 earnings per share. As a group, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research's dividend payout ratio is currently 29.74%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LRCX. Sanford C. Bernstein lowered their price objective on shares of Lam Research from $95.00 to $85.00 and set a "market perform" rating for the company in a research report on Friday, November 29th. B. Riley decreased their price objective on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a report on Friday, January 17th. Barclays cut their target price on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Finally, Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $95.77.

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.