4,600 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Berbice Capital Management LLC

Berbice Capital Management LLC bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,600 shares of the semiconductor company’s stock, valued at approximately $332,000.

A number of other large investors have also bought and sold shares of LRCX. Gabelli Funds LLC boosted its holdings in shares of Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 16 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Lam Research by 76.3% during the second quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after purchasing an additional 2,159 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in Lam Research by 2.6% in the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after acquiring an additional 23 shares during the last quarter. Fred Alger Management LLC boosted its holdings in Lam Research by 4.4% in the second quarter. Fred Alger Management LLC now owns 6,413 shares of the semiconductor company’s stock valued at $6,829,000 after acquiring an additional 269 shares during the last quarter. Finally, AXA S.A. boosted its holdings in Lam Research by 13.9% in the second quarter. AXA S.A. now owns 42,230 shares of the semiconductor company’s stock valued at $44,969,000 after acquiring an additional 5,155 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LRCX. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Sanford C. Bernstein lowered their price target on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. Finally, Wells Fargo & Company lowered their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Price Performance

Shares of LRCX stock opened at $80.54 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm has a market cap of $103.62 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.53 and a beta of 1.45. The business’s 50 day moving average price is $75.11 and its 200-day moving average price is $80.06.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company posted $6.85 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. On average, equities research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

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.