Jackson Square Capital LLC Has $2.20 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Jackson Square Capital LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 872.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,474 shares of the semiconductor company's stock after buying an additional 27,340 shares during the period. Jackson Square Capital LLC's holdings in Lam Research were worth $2,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. West Oak Capital LLC lifted its position in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 307 shares during the period. Laurel Wealth Advisors LLC bought a new stake in Lam Research in the 4th quarter valued at $37,000. Eagle Bay Advisors LLC grew its holdings in Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company's stock valued at $40,000 after buying an additional 460 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its position in Lam Research by 900.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company's stock worth $40,000 after buying an additional 495 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.4 %

Shares of Lam Research stock traded up $1.08 on Friday, hitting $80.30. The stock had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. Lam Research Co. has a twelve month low of $68.87 and a twelve 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. The firm 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. The stock has a 50 day moving average of $74.73 and a 200 day moving average of $80.81.

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

Lam Research Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LRCX shares. Barclays decreased their price target on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.77.

Lam Research Company 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.