Polianta Ltd grew its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,192.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,100 shares of the semiconductor company's stock after purchasing an additional 16,700 shares during the period. Lam Research makes up 0.6% of Polianta Ltd's investment portfolio, making the stock its 27th biggest holding. Polianta Ltd's holdings in Lam Research were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parisi Gray Wealth Management increased its stake in Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock valued at $603,000 after purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research during the fourth quarter worth about $815,000. Jennison Associates LLC raised its holdings in shares of Lam Research by 20.0% in the 3rd quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company's stock worth $194,451,000 after acquiring an additional 39,725 shares during the last quarter. Creative Planning lifted its position in Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock valued at $38,664,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Vest Financial LLC boosted its stake in Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock valued at $29,372,000 after purchasing an additional 14,658 shares during the last quarter. Institutional investors own 84.61% of the company's stock.
Lam Research Stock Performance
Shares of LRCX stock traded up $1.08 during trading on Monday, reaching $80.30. 10,347,143 shares of the company's stock traded hands, compared to its average volume of 9,876,011. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average is $74.73 and its 200 day moving average is $80.63.
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 for the quarter, beating 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 company had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the previous year, the business earned $6.85 earnings per share. The firm's quarterly revenue was up 19.7% compared to the same quarter last year. Equities research analysts expect that Lam Research Co. will post 3.51 EPS for the current year.
Lam Research Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research's dividend payout ratio is currently 29.74%.
Wall Street Analysts Forecast Growth
LRCX has been the topic of a number of recent research reports. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Stifel Nicolaus reaffirmed a "buy" rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. BNP Paribas upgraded shares of Lam Research to a "hold" rating in a research note on Thursday, October 24th. Cantor Fitzgerald restated a "neutral" rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Mizuho decreased their price objective 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. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.77.
Read Our Latest Stock Report on LRCX
Lam Research Profile
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Free Report)
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.
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