Trust Co. of Vermont Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Trust Co. of Vermont boosted its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 716.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,961 shares of the semiconductor company's stock after purchasing an additional 28,044 shares during the quarter. Trust Co. of Vermont's holdings in Lam Research were worth $2,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Premier Path Wealth Partners LLC increased its stake in Lam Research by 760.5% in the fourth quarter. Premier Path Wealth Partners LLC now owns 3,270 shares of the semiconductor company's stock valued at $236,000 after acquiring an additional 2,890 shares during the last quarter. Cohen Klingenstein LLC increased its stake in shares of Lam Research by 900.0% in the 4th quarter. Cohen Klingenstein LLC now owns 15,000 shares of the semiconductor company's stock valued at $1,083,000 after purchasing an additional 13,500 shares during the last quarter. Alhambra Investment Management LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $251,000. Verity & Verity LLC grew its holdings in shares of Lam Research by 900.0% during the 4th quarter. Verity & Verity LLC now owns 3,900 shares of the semiconductor company's stock valued at $282,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in Lam Research by 387.0% in the fourth quarter. Arkadios Wealth Advisors now owns 44,631 shares of the semiconductor company's stock valued at $3,224,000 after buying an additional 35,467 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 1.4 %

LRCX stock traded up $1.08 during mid-day trading on Friday, reaching $80.30. 10,347,143 shares of the company traded hands, compared to its average volume of 9,876,011. The stock has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm's 50 day moving average price is $74.73 and its 200 day moving average price is $80.81. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.06 billion. During the same period last year, the business earned $6.85 EPS. The business's revenue was up 19.7% on a year-over-year basis. As a group, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research's dividend payout ratio is currently 29.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LRCX shares. Stifel Nicolaus reiterated a "buy" rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. B. Riley lowered their price objective 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. StockNews.com downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Mizuho dropped their price target 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $95.77.

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.