Brown Lisle Cummings Inc. Buys 1,370 Shares of Lam Research Co. (NASDAQ:LRCX)

Brown Lisle Cummings Inc. grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,712.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450 shares of the semiconductor company’s stock after acquiring an additional 1,370 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Lam Research were worth $105,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after buying an additional 15,005,178 shares in the last quarter. Swedbank AB boosted its holdings in shares of Lam Research by 1,488.8% during the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after acquiring an additional 2,875,843 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Lam Research in the fourth quarter worth approximately $175,652,000. KBC Group NV raised its holdings in shares of Lam Research by 904.7% during the fourth quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after purchasing an additional 1,234,595 shares during the last quarter. Finally, abrdn plc lifted its position in Lam Research by 836.1% during the fourth quarter. abrdn plc now owns 1,315,038 shares of the semiconductor company’s stock valued at $94,729,000 after purchasing an additional 1,174,563 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LRCX. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Mizuho reduced their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Stock Down 0.3 %

Shares of LRCX opened at $79.91 on Wednesday. The business’s 50 day moving average is $76.18 and its 200 day moving average is $78.44. 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 Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a market capitalization of $102.82 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

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

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.