Mcdaniel Terry & Co. Has $1.03 Million Stake in Lam Research Co. (NASDAQ:LRCX)

Mcdaniel Terry & Co. increased its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 896.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,190 shares of the semiconductor company's stock after buying an additional 12,766 shares during the quarter. Mcdaniel Terry & Co.'s holdings in Lam Research were worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. Van ECK Associates Corp grew its stake in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after buying an additional 15,005,178 shares during the last quarter. Swedbank AB grew its stake in Lam Research by 1,488.8% during the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company's stock worth $221,674,000 after buying an additional 2,875,843 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Lam Research by 827.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company's stock worth $228,285,000 after buying an additional 2,819,668 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Lam Research in the fourth quarter worth $175,652,000. Finally, Principal Financial Group Inc. grew its stake in shares of Lam Research by 949.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,625,490 shares of the semiconductor company's stock worth $189,639,000 after purchasing an additional 2,375,385 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Down 3.4 %

Shares of NASDAQ LRCX traded down $3.00 during mid-day trading on Friday, hitting $86.02. 12,857,061 shares of the company traded hands, compared to its average volume of 12,447,650. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The stock has a market capitalization of $110.42 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.45 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $78.27 and a two-hundred day moving average of $77.97.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 5th. Lam Research's dividend payout ratio is currently 27.95%.

Insider Buying and Selling

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Morgan Stanley increased their price target on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $98.22.

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.