Lmcg Investments LLC Acquires Shares of 118,400 Lam Research Co. (NASDAQ:LRCX)

Lmcg Investments LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 118,400 shares of the semiconductor company's stock, valued at approximately $8,552,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares in the last quarter. State Street Corp boosted its position in Lam Research by 1.6% in the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock valued at $4,817,113,000 after buying an additional 94,086 shares in the last quarter. Geode Capital Management LLC boosted its position in Lam Research by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock valued at $2,539,413,000 after buying an additional 64,053 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Lam Research during the fourth quarter worth $175,652,000. Finally, Fisher Asset Management LLC lifted its stake in shares of Lam Research by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company's stock valued at $1,527,273,000 after acquiring an additional 11,093 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 1.5 %

Shares of NASDAQ LRCX traded up $1.20 during trading on Tuesday, hitting $81.50. 10,958,997 shares of the company traded hands, compared to its average volume of 11,055,914. The firm has a market capitalization of $104.87 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45. The business's fifty day moving average is $74.81 and its 200 day moving average is $80.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

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

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent research reports. KeyCorp raised Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a report on Friday. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Stifel Nicolaus reissued a "buy" rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. B. Riley dropped their price target on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group reduced 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 note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.