Signature Resources Capital Management LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

Signature Resources Capital Management LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,000 shares of the semiconductor company's stock, valued at approximately $1,589,000. Lam Research makes up about 1.4% of Signature Resources Capital Management LLC's portfolio, making the stock its 11th largest holding.

Other large investors have also recently modified their holdings of the company. Gabelli Funds LLC raised its holdings in shares of Lam Research by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company's stock valued at $319,000 after buying an additional 16 shares in the last quarter. Insigneo Advisory Services LLC grew its position in Lam Research by 2.6% during the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company's stock valued at $966,000 after acquiring an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Lam Research by 7.6% during the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 27 shares in the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of Lam Research by 2.4% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company's stock worth $1,693,000 after acquiring an additional 49 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 1.5 %

Shares of NASDAQ LRCX traded up $1.20 during trading on Tuesday, reaching $81.50. The company had a trading volume of 10,815,147 shares, compared to its average volume of 11,020,497. 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 business's 50-day moving average is $74.81 and its 200 day moving average is $80.43. The stock has a market cap of $104.87 billion, a PE ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. Lam Research's dividend payout ratio (DPR) is currently 29.74%.

Analyst Ratings Changes

Several research firms have weighed in on LRCX. Barclays lowered their price target on shares of Lam Research from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday. Stifel Nicolaus restated a "buy" rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Sanford C. Bernstein cut their target price on shares of Lam Research from $95.00 to $85.00 and set a "market perform" rating on the stock in a report on Friday, November 29th. Finally, BNP Paribas raised shares of Lam Research to a "hold" rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.