Guinness Asset Management LTD Has $34.83 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Guinness Asset Management LTD grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,129.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 482,156 shares of the semiconductor company's stock after acquiring an additional 442,949 shares during the quarter. Guinness Asset Management LTD's holdings in Lam Research were worth $34,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LRCX. Quarry LP boosted its holdings in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 56 shares during the period. NCP Inc. bought a new stake in shares of Lam Research in the second quarter valued at approximately $213,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company's stock worth $163,000 after buying an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new position in Lam Research in the 2nd quarter valued at $226,000. Finally, MQS Management LLC bought a new stake in shares of Lam Research during the 2nd quarter valued at $228,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.4 %

Shares of NASDAQ:LRCX traded up $1.08 during trading on Monday, reaching $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 52 week low of $68.87 and a 52 week 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's fifty day moving average is $74.73 and its 200 day moving average is $80.63. The stock has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the business posted $6.85 EPS. The business's revenue was up 19.7% compared to the same quarter last year. As a group, equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is 29.74%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LRCX. Stifel Nicolaus restated a "buy" rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Wolfe Research lowered shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 15th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research report on Friday. Finally, StockNews.com downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average target price of $95.77.

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.