Nikulski Financial Inc. Buys 47,025 Shares of Lam Research Co. (NASDAQ:LRCX)

Nikulski Financial Inc. lifted its position in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 913.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,173 shares of the semiconductor company's stock after purchasing an additional 47,025 shares during the period. Lam Research accounts for approximately 1.1% of Nikulski Financial Inc.'s investment portfolio, making the stock its 24th biggest holding. Nikulski Financial Inc.'s holdings in Lam Research were worth $3,768,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company's stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares during the period. State Street Corp grew its position in Lam Research by 1.6% during the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company's stock worth $4,817,113,000 after buying an additional 94,086 shares in the last quarter. Geode Capital Management LLC increased its stake in Lam Research by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company's stock worth $2,539,413,000 after acquiring an additional 64,053 shares during the period. Assenagon Asset Management S.A. bought a new position in Lam Research during the 4th quarter worth $175,652,000. Finally, Fisher Asset Management LLC raised its holdings in 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 in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Down 1.9 %

Shares of NASDAQ:LRCX traded down $1.55 during mid-day trading on Friday, reaching $79.68. 9,088,621 shares of the company's stock were exchanged, compared to its average volume of 8,836,534. 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 twelve month low of $68.87 and a twelve month high of $113.00. The firm has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45. The business's fifty day moving average price is $75.43 and its 200-day moving average price is $80.07.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 EPS. The business's revenue was up 19.7% on a year-over-year basis. On average, research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research's payout ratio is presently 29.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LRCX shares. B. Riley reduced their target price on Lam Research from $132.50 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. BNP Paribas raised shares of Lam Research to a "hold" rating in a report on Thursday, October 24th. Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Barclays reduced their price target on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company lowered their price objective on shares of Lam Research from $83.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.