Brentview Investment Management LLC Acquires Shares of 47,235 Lam Research Co. (NASDAQ:LRCX)

Brentview Investment Management LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,235 shares of the semiconductor company's stock, valued at approximately $3,412,000. Lam Research accounts for approximately 1.9% of Brentview Investment Management LLC's holdings, making the stock its 25th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Cypress Capital Group grew its position in shares of Lam Research by 3.7% in the third quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company's stock valued at $2,987,000 after purchasing an additional 132 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of Lam Research by 58.3% in the third quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company's stock valued at $297,000 after purchasing an additional 134 shares during the last quarter. West Oak Capital LLC grew its position in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares in the last quarter. Baldwin Investment Management LLC grew its position in Lam Research by 1.4% during the third quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company's stock worth $8,364,000 after buying an additional 137 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its position in Lam Research by 10.1% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company's stock worth $1,272,000 after buying an additional 143 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 0.4 %

Shares of NASDAQ:LRCX opened at $81.05 on Monday. The firm has a market cap of $104.29 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.34 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The business has a fifty day simple moving average of $76.05 and a 200 day simple moving average of $78.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is presently 27.95%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LRCX shares. Mizuho reduced their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Cantor Fitzgerald raised Lam Research from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $95.00 to $100.00 in a research report on Thursday. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.72.

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.

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