Financial Management Professionals Inc. Buys 5,140 Shares of Lam Research Co. (NASDAQ:LRCX)

Financial Management Professionals Inc. increased its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,021.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,643 shares of the semiconductor company's stock after buying an additional 5,140 shares during the quarter. Financial Management Professionals Inc.'s holdings in Lam Research were worth $408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Square Capital LLC lifted its stake in Lam Research by 872.4% in the fourth quarter. Jackson Square Capital LLC now owns 30,474 shares of the semiconductor company's stock valued at $2,201,000 after acquiring an additional 27,340 shares during the last quarter. Triangle Securities Wealth Management lifted its stake in Lam Research by 893.3% in the 4th quarter. Triangle Securities Wealth Management now owns 18,496 shares of the semiconductor company's stock valued at $1,336,000 after purchasing an additional 16,634 shares during the last quarter. HB Wealth Management LLC bought a new position in Lam Research during the fourth quarter worth about $7,476,000. KRS Capital Management LLC increased its position in Lam Research by 909.1% during the fourth quarter. KRS Capital Management LLC now owns 14,460 shares of the semiconductor company's stock worth $1,044,000 after buying an additional 13,027 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Lam Research by 716.0% in the fourth quarter. Trust Co. of Vermont now owns 31,961 shares of the semiconductor company's stock valued at $2,309,000 after buying an additional 28,044 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

Shares of Lam Research stock traded up $1.08 during midday trading on Friday, hitting $80.30. 10,347,143 shares of the company traded hands, compared to its average volume of 9,876,011. The firm's fifty day moving average price is $74.73 and its 200-day moving average price is $80.81. The stock has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.06 billion. During the same quarter in the previous year, the firm posted $6.85 earnings per share. The company's revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research's dividend payout ratio is presently 29.77%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LRCX. Stifel Nicolaus reissued a "buy" rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. B. Riley dropped their price objective on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Mizuho reduced their target price on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, January 10th. StockNews.com cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.77.

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.