General Partner Inc. Buys 1,566 Shares of Lam Research Co. (NASDAQ:LRCX)

General Partner Inc. increased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,740 shares of the semiconductor company’s stock after purchasing an additional 1,566 shares during the quarter. General Partner Inc.’s holdings in Lam Research were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Modus Advisors LLC acquired a new stake in Lam Research in the fourth quarter worth about $59,000. NRI Wealth Management LC bought a new position in shares of Lam Research in the 4th quarter valued at about $1,509,000. GAMMA Investing LLC boosted its stake in shares of Lam Research by 1,139.5% in the 4th quarter. GAMMA Investing LLC now owns 24,195 shares of the semiconductor company’s stock valued at $1,748,000 after purchasing an additional 22,243 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Lam Research during the 4th quarter worth approximately $159,000. Finally, Legacy Wealth Management LLC MS bought a new stake in shares of Lam Research during the third quarter worth approximately $513,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 1.7 %

Shares of Lam Research stock traded up $1.25 during trading on Friday, reaching $73.69. The stock had a trading volume of 1,146,743 shares, compared to its average volume of 4,484,746. 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 has a market capitalization of $94.82 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.22 and a beta of 1.45. The stock has a fifty day moving average price of $74.67 and a two-hundred day moving average price of $83.07. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion for 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 business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.85 EPS. Sell-side analysts predict that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.25%. Lam Research’s dividend payout ratio is currently 29.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LRCX shares. Sanford C. Bernstein reduced their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. B. Riley decreased 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. Citigroup cut their target price on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research note on Monday, September 16th. Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Lam Research from $85.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $97.24.

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.