Lam Research Co. (NASDAQ:LRCX) Holdings Boosted by Wedmont Private Capital

Wedmont Private Capital lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,995 shares of the semiconductor company’s stock after purchasing an additional 473 shares during the quarter. Wedmont Private Capital’s holdings in Lam Research were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Salem Investment Counselors Inc. grew its stake in Lam Research by 893.3% during the 4th quarter. Salem Investment Counselors Inc. now owns 4,470 shares of the semiconductor company’s stock worth $324,000 after buying an additional 4,020 shares during the last quarter. Eagle Bay Advisors LLC grew its position in shares of Lam Research by 484.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 460 shares during the last quarter. CHICAGO TRUST Co NA grew its position in shares of Lam Research by 864.6% during the fourth quarter. CHICAGO TRUST Co NA now owns 30,906 shares of the semiconductor company’s stock worth $2,232,000 after acquiring an additional 27,702 shares during the last quarter. Thomasville National Bank lifted its position in Lam Research by 907.4% in the 4th quarter. Thomasville National Bank now owns 8,180 shares of the semiconductor company’s stock valued at $591,000 after purchasing an additional 7,368 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in Lam Research by 1,376.7% during the 4th quarter. Capital Investment Advisors LLC now owns 35,293 shares of the semiconductor company’s stock valued at $2,549,000 after purchasing an additional 32,903 shares during the period. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Finally, Mizuho decreased their target price 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. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.59.

Lam Research Trading Down 0.3 %

NASDAQ:LRCX opened at $74.45 on Tuesday. The stock has a fifty day simple moving average of $74.72 and a 200 day simple moving average of $81.43. 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 firm has a market capitalization of $95.79 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $6.85 earnings per share. Sell-side analysts forecast that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders 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 annualized dividend and a dividend yield of 1.24%. Lam Research’s dividend payout ratio (DPR) is presently 29.77%.

Lam Research Company 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.