Enterprise Financial Services Corp Acquires 3,572 Shares of Lam Research Co. (NASDAQ:LRCX)

Enterprise Financial Services Corp lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 882.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,977 shares of the semiconductor company's stock after acquiring an additional 3,572 shares during the quarter. Enterprise Financial Services Corp's holdings in Lam Research were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Perspectives Inc raised its holdings in Lam Research by 908.8% in the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Atwood & Palmer Inc. bought a new position in Lam Research in the fourth quarter worth $27,000. Midwest Capital Advisors LLC bought a new position in Lam Research in the fourth quarter worth $27,000. West Oak Capital LLC raised its holdings in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Finally, Country Trust Bank raised its holdings in Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of Lam Research stock traded up $3.23 during trading on Wednesday, hitting $76.59. 12,694,954 shares of the company's stock traded hands, compared to its average volume of 11,068,033. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The stock has a market capitalization of $98.32 billion, a P/E ratio of 23.27, a PEG ratio of 1.47 and a beta of 1.53. The business has a 50-day simple moving average of $79.44 and a 200-day simple moving average of $77.46.

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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%. As a group, analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.20%. Lam Research's payout ratio is 27.96%.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LRCX shares. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Mizuho increased their price objective on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday, February 18th. The Goldman Sachs Group cut their target price 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. Finally, Susquehanna raised Lam Research from a "neutral" rating to a "positive" rating and increased their target price for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.22.

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.