Burford Brothers Inc. Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

Burford Brothers Inc. increased its stake in Lam Research Co. (NASDAQ:LRCX) by 912.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,137 shares of the semiconductor company’s stock after purchasing an additional 6,432 shares during the quarter. Burford Brothers Inc.’s holdings in Lam Research were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the fourth quarter valued at about $27,000. West Oak Capital LLC increased its holdings in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 135 shares during the period. Country Trust Bank lifted its stake in Lam Research by 900.0% in the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Finley Financial LLC bought a new position in Lam Research in the 4th quarter valued at $30,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 307 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 0.4 %

Lam Research stock opened at $81.05 on Monday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a market capitalization of $104.29 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. The business’s fifty day simple moving average is $76.05 and its two-hundred day simple moving average is $78.76. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, equities analysts predict that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LRCX shares. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $85.00 to $91.00 in a research note on Thursday. The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, B. Riley cut their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.72.

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.