KRS Capital Management LLC Has $1.04 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

KRS Capital Management LLC raised its position in Lam Research Co. (NASDAQ:LRCX - Free Report) by 909.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,460 shares of the semiconductor company's stock after acquiring an additional 13,027 shares during the period. Lam Research comprises 0.7% of KRS Capital Management LLC's portfolio, making the stock its 25th biggest position. KRS Capital Management LLC's holdings in Lam Research were worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. West Oak Capital LLC grew 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 acquiring an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its stake in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 307 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of Lam Research during the 4th quarter valued at $37,000. Eagle Bay Advisors LLC lifted its stake in Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 460 shares in the last quarter. Finally, Cranbrook Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 495 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

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

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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 business had revenue of $4.17 billion for 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. The company's quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research's payout ratio is 29.77%.

Analysts Set New Price Targets

Several research firms recently weighed in on LRCX. Stifel Nicolaus reiterated a "buy" rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday. The Goldman Sachs Group decreased their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Cantor Fitzgerald reissued a "neutral" rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their price target on Lam Research from $95.00 to $85.00 and set a "market perform" rating for the company in a research report on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lam Research presently has an average 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.