Nisa Investment Advisors LLC Acquires Shares of 426,964 Lam Research Co. (NASDAQ:LRCX)

Nisa Investment Advisors LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 426,964 shares of the semiconductor company’s stock, valued at approximately $31,060,000.

Several other hedge funds have also modified their holdings of the stock. Simon Quick Advisors LLC boosted its position in Lam Research by 1,388.4% in the 4th quarter. Simon Quick Advisors LLC now owns 8,112 shares of the semiconductor company’s stock valued at $586,000 after buying an additional 7,567 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in shares of Lam Research by 901.1% during the fourth quarter. Beaumont Financial Advisors LLC now owns 20,783 shares of the semiconductor company’s stock valued at $1,501,000 after acquiring an additional 18,707 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in Lam Research by 1,104.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 19,710 shares of the semiconductor company’s stock valued at $1,424,000 after acquiring an additional 18,074 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Lam Research by 1,260.8% during the 4th quarter. Atomi Financial Group Inc. now owns 9,049 shares of the semiconductor company’s stock worth $654,000 after purchasing an additional 8,384 shares during the last quarter. Finally, Signature Resources Capital Management LLC acquired a new position in Lam Research during the 4th quarter valued at about $1,589,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Up 1.5 %

NASDAQ:LRCX opened at $81.50 on Wednesday. The company has a market cap of $104.87 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The business has a 50 day moving average price of $74.81 and a two-hundred day moving average price of $80.43. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

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, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the firm earned $6.85 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research’s payout ratio is presently 29.74%.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

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.