Stephens Consulting LLC Has $31,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Stephens Consulting LLC boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 430 shares of the semiconductor company’s stock after acquiring an additional 387 shares during the quarter. Stephens Consulting LLC’s holdings in Lam Research were worth $31,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LRCX shares. Barclays cut their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Finally, Mizuho lowered 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 note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Price Performance

Lam Research stock opened at $80.19 on Tuesday. The business has a 50-day simple moving average of $76.05 and a 200 day simple moving average of $78.56. The stock has a market cap of $103.18 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.34 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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 51.86% and a net margin of 26.49%. On average, research analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research’s dividend payout ratio is currently 27.95%.

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.