Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 931.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,147 shares of the semiconductor company’s stock after acquiring an additional 3,745 shares during the period. Investment Partners Asset Management Inc.’s holdings in Lam Research were worth $300,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after acquiring an additional 1,146 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in Lam Research during the 3rd quarter worth about $335,000. Foster Victor Wealth Advisors LLC raised its position in Lam Research by 994.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock valued at $190,066,000 after purchasing an additional 211,614 shares in the last quarter. Asset Dedication LLC boosted its stake in shares of Lam Research by 469.4% in the 3rd quarter. Asset Dedication LLC now owns 279 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 230 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its stake in shares of Lam Research by 2,500.0% during the third quarter. Jamison Private Wealth Management Inc. now owns 442 shares of the semiconductor company’s stock worth $361,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Down 2.0 %

Shares of LRCX stock opened at $81.57 on Thursday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The business’s fifty day moving average price is $77.19 and its 200 day moving average price is $77.92. The firm has a market capitalization of $104.71 billion, a PE ratio of 24.78, a P/E/G ratio of 1.37 and a beta of 1.46.

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, beating 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, sell-side analysts forecast that Lam Research Co. will post 3.69 EPS for the current fiscal 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 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is currently 27.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. KeyCorp upgraded 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. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $100.00 in a research report on Thursday, January 30th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.72.

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.