Kera Capital Partners Inc. Acquires Shares of 20,432 Lam Research Co. (NASDAQ:LRCX)

Kera Capital Partners Inc. purchased a new position in Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,432 shares of the semiconductor company's stock, valued at approximately $1,476,000.

Other institutional investors also recently bought and sold shares of the company. Gabelli Funds LLC increased its holdings in shares of Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock worth $319,000 after purchasing an additional 16 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Lam Research by 5.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company's stock worth $341,000 after buying an additional 17 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after acquiring an additional 23 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Lam Research by 7.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock valued at $405,000 after acquiring an additional 27 shares during the last quarter. Finally, Holderness Investments Co. grew its stake in shares of Lam Research by 6.8% in the second quarter. Holderness Investments Co. now owns 583 shares of the semiconductor company's stock worth $621,000 after acquiring an additional 37 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Mizuho lowered their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, KeyCorp upgraded Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research note 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. According to MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $95.77.

Lam Research Price Performance

NASDAQ LRCX traded up $1.08 during trading hours on Friday, reaching $80.30. The company's stock had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The firm's 50-day moving average price is $74.73 and its 200-day moving average price is $80.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.85 earnings per share. On average, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 1.15%. Lam Research's dividend payout ratio is currently 29.77%.

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.