Busey Bank Has $668,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

Busey Bank increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 899.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,255 shares of the semiconductor company's stock after buying an additional 8,329 shares during the period. Busey Bank's holdings in Lam Research were worth $668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Atwood & Palmer Inc. purchased a new stake in Lam Research in the fourth quarter valued at about $27,000. West Oak Capital LLC raised its stake in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 135 shares during the last quarter. Finley Financial LLC acquired a new stake in Lam Research during the 4th quarter worth about $30,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 307 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in Lam Research in the 4th quarter worth approximately $37,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 0.4 %

LRCX stock traded up $0.32 during trading on Friday, reaching $81.05. The stock had a trading volume of 18,832,123 shares, compared to its average volume of 12,981,670. The firm has a fifty day moving average price of $75.88 and a 200 day moving average price of $78.94. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $104.29 billion, a P/E ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. On average, equities analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent research reports. Sanford C. Bernstein raised shares of Lam Research from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $85.00 to $91.00 in a research report on Thursday. Barclays lowered their target price on 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. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Stifel Nicolaus reiterated a "buy" rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, BNP Paribas raised Lam Research to a "hold" rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and sixteen have issued 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 $95.72.

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.