Guinness Atkinson Asset Management Inc Boosts Holdings in Lam Research Co. (NASDAQ:LRCX)

Guinness Atkinson Asset Management Inc grew its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 948.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,555 shares of the semiconductor company's stock after purchasing an additional 71,060 shares during the period. Lam Research comprises about 2.9% of Guinness Atkinson Asset Management Inc's portfolio, making the stock its 22nd largest position. Guinness Atkinson Asset Management Inc's holdings in Lam Research were worth $5,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its stake in Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company's stock worth $94,000 after purchasing an additional 56 shares in the last quarter. NCP Inc. acquired a new position in shares of Lam Research in the second quarter valued at approximately $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company's stock worth $163,000 after acquiring an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new stake in shares of Lam Research during the second quarter worth $226,000. Finally, MQS Management LLC acquired a new position in Lam Research in the 2nd quarter worth $228,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Up 1.4 %

Lam Research stock traded up $1.08 during trading on Monday, hitting $80.30. 10,347,143 shares of the company were exchanged, compared to its average volume of 9,876,011. 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 business's 50 day moving average is $74.73 and its 200 day moving average is $80.63. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research's dividend payout ratio is presently 29.74%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LRCX. Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Cantor Fitzgerald restated a "neutral" rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Morgan Stanley raised 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. Finally, Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average price target 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.