Lam Research Co. (NASDAQ:LRCX) Shares Bought by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 920.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 265,859 shares of the semiconductor company's stock after purchasing an additional 239,794 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Lam Research were worth $19,203,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Lam Research by 3,725.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 139,460 shares of the semiconductor company's stock valued at $10,073,000 after purchasing an additional 135,814 shares during the period. Symphony Financial Ltd. Co. raised its position in Lam Research by 698.7% in the fourth quarter. Symphony Financial Ltd. Co. now owns 2,995 shares of the semiconductor company's stock worth $216,000 after acquiring an additional 2,620 shares in the last quarter. Abundance Wealth Counselors lifted its holdings in Lam Research by 937.6% in the 4th quarter. Abundance Wealth Counselors now owns 11,974 shares of the semiconductor company's stock valued at $865,000 after acquiring an additional 10,820 shares during the last quarter. Evermay Wealth Management LLC grew its stake in shares of Lam Research by 900.0% in the 4th quarter. Evermay Wealth Management LLC now owns 2,340 shares of the semiconductor company's stock worth $169,000 after purchasing an additional 2,106 shares during the last quarter. Finally, KG&L Capital Management LLC raised its holdings in shares of Lam Research by 3,755.1% in the 4th quarter. KG&L Capital Management LLC now owns 37,163 shares of the semiconductor company's stock worth $2,684,000 after purchasing an additional 36,199 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX traded up $1.49 on Wednesday, hitting $81.40. The stock had a trading volume of 4,866,388 shares, compared to its average volume of 12,536,340. The stock has a market cap of $104.48 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth 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. The business's 50-day simple moving average is $76.32 and its two-hundred day simple moving average is $78.33. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) 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%. As a group, research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on LRCX shares. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. B. Riley dropped their price objective on Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.