Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,281.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,765 shares of the semiconductor company's stock after acquiring an additional 9,058 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Lam Research were worth $705,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. West Oak Capital LLC raised its position in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 135 shares during the period. Eagle Bay Advisors LLC raised its holdings in shares of 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 during the period. Fortitude Family Office LLC lifted its stake in Lam Research by 896.7% during the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 538 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Lam Research by 900.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 558 shares during the period. Finally, Highline Wealth Partners LLC grew its position in Lam Research by 879.7% in the 4th quarter. Highline Wealth Partners LLC now owns 676 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. 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. StockNews.com cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Stifel Nicolaus reaffirmed a "buy" rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Finally, Sanford C. Bernstein cut their price target on Lam Research from $95.00 to $85.00 and set a "market perform" rating on the stock in a report on Friday, November 29th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.59.

Lam Research Trading Up 1.5 %

Shares of Lam Research stock opened at $76.15 on Thursday. 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 company has a fifty day simple moving average of $74.70 and a 200-day simple moving average of $81.22. The stock has a market cap of $97.98 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

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 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 firm posted $6.85 earnings per share. Lam Research's revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities analysts forecast that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is 29.77%.

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.

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