Lam Research Co. (NASDAQ:LRCX) Shares Purchased by New England Research & Management Inc.

New England Research & Management Inc. lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 832.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,250 shares of the semiconductor company’s stock after purchasing an additional 15,400 shares during the period. New England Research & Management Inc.’s holdings in Lam Research were worth $1,246,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new stake in Lam Research during the fourth quarter worth about $27,000. West Oak Capital LLC increased its stake in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares during the last quarter. Finley Financial LLC purchased a new position in Lam Research during the fourth quarter worth approximately $30,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 307 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Lam Research during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several analyst reports. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Sanford C. Bernstein dropped 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. Wells Fargo & Company reduced their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Price Performance

Shares of Lam Research stock opened at $75.15 on Thursday. 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 Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market cap of $96.69 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The company’s fifty day simple moving average is $75.62 and its two-hundred day simple moving average is $79.15.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. As a group, equities analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given 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 dividend yield of 1.22%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

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.