Legal Advantage Investments Inc. Grows Stake in Lam Research Co. (NASDAQ:LRCX)

Legal Advantage Investments Inc. increased its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,094.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,973 shares of the semiconductor company's stock after purchasing an additional 5,473 shares during the period. Legal Advantage Investments Inc.'s holdings in Lam Research were worth $431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LRCX. Gabelli Funds LLC lifted its holdings in shares of Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock worth $319,000 after buying an additional 16 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Lam Research by 7.6% in the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock worth $405,000 after purchasing an additional 27 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in shares of Lam Research by 2.4% in the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company's stock worth $1,693,000 after purchasing an additional 49 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company's stock worth $94,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LRCX shares. Mizuho reduced their price objective 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. Sanford C. Bernstein decreased their price target on shares of Lam Research from $95.00 to $85.00 and set a "market perform" rating on the stock in a research note on Friday, November 29th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research report on Friday. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Barclays decreased their price objective 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.77.

Lam Research Stock Up 1.5 %

NASDAQ:LRCX traded up $1.20 during mid-day trading on Tuesday, reaching $81.50. The company's stock had a trading volume of 10,958,997 shares, compared to its average volume of 11,055,914. The company has a quick ratio of 1.74, a current ratio of 2.53 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 fifty day moving average of $74.81 and a 200-day moving average of $80.43. The firm has a market capitalization of $104.87 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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% on a year-over-year basis. During the same period last year, the firm earned $6.85 earnings per share. Equities research analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's payout ratio is currently 29.74%.

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.