5,910 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Everett Harris & Co. CA

Everett Harris & Co. CA acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,910 shares of the semiconductor company's stock, valued at approximately $427,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank grew its holdings in Lam Research by 6.6% in the 3rd quarter. Czech National Bank now owns 26,559 shares of the semiconductor company's stock worth $21,674,000 after acquiring an additional 1,645 shares during the last quarter. Eldred Rock Partners LLC grew its stake in shares of Lam Research by 4.3% in the third quarter. Eldred Rock Partners LLC now owns 15,370 shares of the semiconductor company's stock worth $12,579,000 after purchasing an additional 630 shares during the last quarter. Wright Investors Service Inc. increased its holdings in Lam Research by 36.9% during the 3rd quarter. Wright Investors Service Inc. now owns 1,906 shares of the semiconductor company's stock valued at $1,555,000 after purchasing an additional 514 shares during the period. Handelsbanken Fonder AB lifted its holdings in Lam Research by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 55,776 shares of the semiconductor company's stock worth $45,518,000 after buying an additional 765 shares during the period. Finally, McLean Asset Management Corp grew its position in shares of Lam Research by 891.8% in the 3rd quarter. McLean Asset Management Corp now owns 4,820 shares of the semiconductor company's stock worth $3,934,000 after buying an additional 4,334 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX stock traded up $1.56 during trading hours on Wednesday, reaching $81.47. The company had a trading volume of 4,646,262 shares, compared to its average volume of 12,528,155. 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 business has a fifty day moving average price of $76.32 and a 200-day moving average price of $78.33. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The firm has a market cap of $104.58 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Sell-side analysts predict that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company raised their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. StockNews.com lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. The Goldman Sachs Group decreased their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Finally, KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average target price of $95.72.

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.