New England Research & Management Inc. Grows Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

New England Research & Management Inc. lifted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 832.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,250 shares of the semiconductor company's stock after buying an additional 15,400 shares during the period. New England Research & Management Inc.'s holdings in Lam Research were worth $1,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings 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 acquiring an additional 15,005,178 shares during the last quarter. Swedbank AB increased its position in shares of Lam Research by 1,488.8% in the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company's stock valued at $221,674,000 after buying an additional 2,875,843 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Lam Research during the 4th quarter worth $175,652,000. KBC Group NV lifted its holdings in shares of Lam Research by 904.7% during the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company's stock valued at $99,031,000 after purchasing an additional 1,234,595 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Lam Research by 779.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company's stock valued at $68,130,000 after buying an additional 836,044 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX traded up $6.82 during mid-day trading on Thursday, hitting $81.97. 18,288,325 shares of the stock traded hands, compared to its average volume of 12,284,201. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The company has a market cap of $105.47 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The business's 50-day moving average price is $75.72 and its 200 day moving average price is $78.93.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. On average, analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research's dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Sanford C. Bernstein raised Lam Research from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $85.00 to $91.00 in a research report on Thursday. Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. B. Riley cut their price objective 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. Cantor Fitzgerald raised shares of Lam Research from a "neutral" rating to an "overweight" rating and raised their target price for the company from $95.00 to $100.00 in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $95.72.

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.