Flagship Harbor Advisors LLC raised its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 832.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,890 shares of the semiconductor company's stock after purchasing an additional 5,258 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Lam Research were worth $425,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Atwood & Palmer Inc. purchased a new position in Lam Research during the fourth quarter valued at approximately $27,000. West Oak Capital LLC boosted its stake in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after buying an additional 135 shares during the period. Finley Financial LLC purchased a new position in shares of Lam Research during the 4th quarter valued at $30,000. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 307 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Lam Research in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 84.61% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on LRCX shares. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $85.00 to $91.00 in a research note on Thursday. Stifel Nicolaus reissued a "buy" rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Lam Research to a "hold" rating in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald raised shares of Lam Research from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $95.00 to $100.00 in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.72.
Check Out Our Latest Analysis on Lam Research
Lam Research Stock Performance
NASDAQ:LRCX traded up $0.32 during trading hours on Friday, hitting $81.05. 18,832,123 shares of the company traded hands, compared to its average volume of 10,796,216. 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 stock has a market capitalization of $104.29 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.38 and a beta of 1.45. The firm has a 50-day moving average of $76.05 and a 200 day moving average of $78.95. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.
Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. On average, analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.
Lam Research Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research's dividend payout ratio is presently 27.95%.
Lam Research Company Profile
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Free Report)
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.
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