Harbor Capital Advisors Inc. Has $1.47 Million Position in Lam Research Co. (NASDAQ:LRCX)

Harbor Capital Advisors Inc. grew its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 334.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,401 shares of the semiconductor company's stock after purchasing an additional 15,700 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Lam Research were worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after buying an additional 15,005,178 shares during the period. Neville Rodie & Shaw Inc. raised its stake in Lam Research by 886.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company's stock worth $25,266,000 after purchasing an additional 314,349 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Lam Research by 215.4% in the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company's stock valued at $279,018,000 after purchasing an additional 233,500 shares during the period. Foster Victor Wealth Advisors LLC grew its position in shares of Lam Research by 994.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company's stock worth $190,066,000 after purchasing an additional 211,614 shares in the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Lam Research by 315.0% during the third quarter. Bridgewater Associates LP now owns 276,052 shares of the semiconductor company's stock worth $225,281,000 after purchasing an additional 209,537 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $74.65 on Monday. The stock's 50-day moving average is $74.72 and its 200-day moving average is $81.65. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock has a market cap of $96.05 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (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 firm had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the prior year, the company posted $6.85 EPS. The company's revenue was up 19.7% on a year-over-year basis. Equities research analysts anticipate that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.23%. Lam Research's dividend payout ratio (DPR) is presently 29.77%.

Analysts Set New Price Targets

LRCX has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Lam Research from $85.00 to $83.00 and set an "equal weight" rating for the company in a research note on Friday, December 6th. Mizuho decreased their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday. Citigroup reduced their price objective on shares of Lam Research from $99.00 to $89.30 and set a "buy" rating on the stock in a research note on Monday, September 16th. Needham & Company LLC restated a "buy" rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Finally, B. Riley reduced their price target 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. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.65.

About Lam Research

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.