Romano Brothers AND Company Takes Position in Lam Research Co. (NASDAQ:LRCX)

Romano Brothers AND Company purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 28,185 shares of the semiconductor company's stock, valued at approximately $2,036,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co raised its holdings in Lam Research by 900.0% during the fourth quarter. Perkins Coie Trust Co now owns 790 shares of the semiconductor company's stock valued at $57,000 after buying an additional 711 shares in the last quarter. Stillwater Capital Advisors LLC lifted its holdings in Lam Research by 899.4% during the 4th quarter. Stillwater Capital Advisors LLC now owns 3,608 shares of the semiconductor company's stock valued at $261,000 after purchasing an additional 3,247 shares during the last quarter. Clarius Group LLC acquired a new position in Lam Research during the 4th quarter worth about $710,000. Aaron Wealth Advisors LLC raised its position in shares of Lam Research by 995.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 8,786 shares of the semiconductor company's stock worth $635,000 after acquiring an additional 7,984 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its holdings in Lam Research by 836.5% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 2,922 shares of the semiconductor company's stock worth $212,000 after acquiring an additional 2,610 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LRCX shares. BNP Paribas raised Lam Research to a "hold" rating in a research note on Thursday, October 24th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research note on Friday. Morgan Stanley boosted their price objective on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Wells Fargo & Company lowered their target price on shares of Lam Research from $83.00 to $82.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, Mizuho decreased their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $95.77.

Lam Research Trading Up 1.4 %

NASDAQ:LRCX traded up $1.08 on Friday, reaching $80.30. 10,347,143 shares of the stock traded hands, compared to its average volume of 9,876,011. The firm has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 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. 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 company's 50 day moving average is $74.73 and its 200-day moving average is $80.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm's revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $6.85 earnings per share. Equities research analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. Lam Research's dividend payout ratio (DPR) is presently 29.77%.

Lam Research 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.