Community Bank N.A. Has $2.13 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Community Bank N.A. raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,570.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,489 shares of the semiconductor company's stock after purchasing an additional 27,724 shares during the period. Community Bank N.A.'s holdings in Lam Research were worth $2,130,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Lam Research by 3.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,859 shares of the semiconductor company's stock worth $3,149,000 after purchasing an additional 144 shares during the period. Pacer Advisors Inc. grew its stake in Lam Research by 9.2% in the 3rd quarter. Pacer Advisors Inc. now owns 24,366 shares of the semiconductor company's stock valued at $19,885,000 after buying an additional 2,062 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Lam Research by 1,111.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 52,036 shares of the semiconductor company's stock valued at $42,466,000 after acquiring an additional 47,740 shares during the period. Meridian Wealth Management LLC bought a new position in shares of Lam Research in the third quarter worth $778,000. Finally, Nicolet Advisory Services LLC raised its stake in shares of Lam Research by 909.8% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,514 shares of the semiconductor company's stock valued at $3,684,000 after purchasing an additional 4,067 shares during the period. Institutional investors own 84.61% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LRCX shares. Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. The Goldman Sachs Group lowered their price objective 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. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Morgan Stanley lifted their price target on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Finally, Oppenheimer assumed coverage on shares of Lam Research in a research report on Thursday, March 20th. They issued an "outperform" rating and a $95.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $98.06.

Lam Research Stock Performance

Shares of LRCX traded down $0.31 during mid-day trading on Thursday, reaching $75.83. 1,200,154 shares of the company's stock traded hands, compared to its average volume of 11,020,945. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a market capitalization of $97.33 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The business's 50-day moving average price is $79.75 and its 200-day moving average price is $77.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.21%. Lam Research's dividend payout ratio is 27.96%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company's stock.

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.