PFG Investments LLC Boosts Stake in Lam Research Co. (NASDAQ:LRCX)

PFG Investments LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX - Free Report) by 591.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,230 shares of the semiconductor company's stock after buying an additional 7,040 shares during the quarter. PFG Investments LLC's holdings in Lam Research were worth $594,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the fourth quarter worth $27,000. West Oak Capital LLC lifted its holdings in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares in the last quarter. Finley Financial LLC bought a new position in Lam Research in the fourth quarter valued at about $30,000. Householder Group Estate & Retirement Specialist LLC grew its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock worth $36,000 after buying an additional 307 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Lam Research in the 4th quarter worth $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 7.9 %

LRCX stock traded up $5.95 during trading on Thursday, hitting $81.10. 13,547,242 shares of the company traded hands, compared to its average volume of 12,038,520. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The company has a 50-day moving average of $75.72 and a 200-day moving average of $78.93. The firm has a market capitalization of $104.36 billion, a PE ratio of 26.22, a P/E/G ratio of 1.53 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.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research's dividend payout ratio (DPR) is presently 29.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BNP Paribas upgraded Lam Research to a "hold" rating in a report on Thursday, October 24th. Mizuho cut their target price on shares of Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Cantor Fitzgerald upgraded shares of Lam Research from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $95.00 to $100.00 in a report on Thursday. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target 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.