Valley National Advisers Inc. Has $3.42 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

Valley National Advisers Inc. raised its stake in Lam Research Co. (NASDAQ:LRCX - Free Report) by 832.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,402 shares of the semiconductor company's stock after purchasing an additional 42,318 shares during the period. Valley National Advisers Inc.'s holdings in Lam Research were worth $3,423,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parisi Gray Wealth Management increased its stake in Lam Research by 652.9% during the fourth 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 during the last quarter. Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research during the 4th quarter valued at about $815,000. Jennison Associates LLC raised its stake in Lam Research by 20.0% during the third 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 period. Creative Planning lifted its holdings in Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock worth $38,664,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Vest Financial LLC boosted its stake in Lam Research by 68.7% in the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock valued at $29,372,000 after acquiring an additional 14,658 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of LRCX traded up $0.32 during mid-day trading on Friday, hitting $81.05. The company's stock had a trading volume of 18,832,123 shares, compared to its average volume of 10,796,216. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm has a 50-day moving average price of $76.05 and a 200 day moving average price of $78.76. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a market capitalization of $104.29 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. On average, research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given 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 1.14%. Lam Research's dividend payout ratio (DPR) is 27.95%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LRCX shares. Wells Fargo & Company raised their price target on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday. KeyCorp raised 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 report on Friday, January 17th. Mizuho lowered 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 report on Friday, January 10th. Cantor Fitzgerald upgraded shares of Lam Research from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $95.00 to $100.00 in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.72.

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.