SYM FINANCIAL Corp Purchases New Stake in Lam Research Co. (NASDAQ:LRCX)

SYM FINANCIAL Corp acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 12,080 shares of the semiconductor company's stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in Lam Research in the fourth quarter valued at $27,000. West Oak Capital LLC lifted its holdings in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 135 shares during the period. Country Trust Bank lifted its holdings in Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 360 shares during the period. Finley Financial LLC acquired a new stake in Lam Research in the fourth quarter valued at $30,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 307 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LRCX. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Cantor Fitzgerald raised Lam Research from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Thursday. B. Riley cut their price target on Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Mizuho cut their price target on Lam Research from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $95.72.

Lam Research Stock Up 0.4 %

Lam Research stock traded up $0.32 during midday trading on Friday, hitting $81.05. 18,832,123 shares of the company were exchanged, compared to its average volume of 10,796,216. The company's fifty day moving average price is $76.05 and its 200-day moving average price is $78.76. The company has a market cap of $104.29 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly 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 return on equity of 52.58% and a net margin of 26.49%. On average, research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research's payout ratio is 27.95%.

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.