YANKCOM Partnership Takes $153,000 Position in Lam Research Co. (NASDAQ:LRCX)

YANKCOM Partnership acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,117 shares of the semiconductor company’s stock, valued at approximately $153,000.

Other hedge funds also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at $27,000. West Oak Capital LLC increased its stake in shares of Lam Research by 50.9% in 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 in the last quarter. Country Trust Bank increased its stake in shares of Lam Research by 900.0% in the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. Finley Financial LLC acquired a new stake in Lam Research in the 4th quarter valued at $30,000. Finally, Stephens Consulting LLC grew its position in Lam Research by 900.0% in the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 387 shares during the period. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Morgan Stanley lifted their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Trading Up 1.1 %

NASDAQ LRCX opened at $82.83 on Friday. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The business’s fifty day moving average is $76.53 and its 200-day moving average is $78.26. The stock has a market capitalization of $106.58 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

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

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. Lam Research’s dividend payout ratio is currently 27.95%.

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.