Lam Research Co. (NASDAQ:LRCX) Holdings Boosted by ARS Investment Partners LLC

ARS Investment Partners LLC lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 908.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 490,881 shares of the semiconductor company's stock after purchasing an additional 442,224 shares during the quarter. Lam Research comprises 3.2% of ARS Investment Partners LLC's portfolio, making the stock its 8th biggest holding. ARS Investment Partners LLC's holdings in Lam Research were worth $35,456,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of LRCX. Quarry LP raised its stake in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company's stock valued at $94,000 after acquiring an additional 56 shares during the period. NCP Inc. purchased a new stake in Lam Research in the 2nd quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company's stock worth $163,000 after purchasing an additional 192 shares during the last quarter. Mill Creek Capital Advisors LLC purchased a new position in shares of Lam Research during the second quarter valued at approximately $226,000. Finally, Advisory Alpha LLC bought a new position in shares of Lam Research during the second quarter valued at approximately $256,000. Institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LRCX shares. Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday. BNP Paribas upgraded Lam Research to a "hold" rating in a research note on Thursday, October 24th. The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Sanford C. Bernstein decreased 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. Finally, Mizuho dropped 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 report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.77.

Lam Research Stock Performance

Lam Research stock traded up $1.20 during mid-day trading on Tuesday, hitting $81.50. The company had a trading volume of 10,958,997 shares, compared to its average volume of 11,055,914. The company has a market capitalization of $104.87 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company's fifty day moving average is $74.81 and its 200-day moving average is $80.43. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm's revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned $6.85 earnings per share. Equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. Lam Research's payout ratio is 29.74%.

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.