Bryn Mawr Capital Management LLC Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

Bryn Mawr Capital Management LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 857.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,347 shares of the semiconductor company’s stock after acquiring an additional 11,953 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Lam Research were worth $964,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Nelson Capital Management LLC grew its position in shares of Lam Research by 900.0% during the fourth quarter. Nelson Capital Management LLC now owns 4,490 shares of the semiconductor company’s stock worth $324,000 after acquiring an additional 4,041 shares during the last quarter. National Pension Service purchased a new position in Lam Research in the 4th quarter valued at $219,200,000. Argonautica Private Wealth Management Inc. purchased a new position in Lam Research in the 4th quarter valued at $1,040,000. Sitrin Capital Management LLC grew its position in Lam Research by 914.6% in the 4th quarter. Sitrin Capital Management LLC now owns 81,138 shares of the semiconductor company’s stock valued at $5,879,000 after buying an additional 73,141 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. grew its position in Lam Research by 872.3% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 25,726 shares of the semiconductor company’s stock valued at $1,858,000 after buying an additional 23,080 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.3 %

NASDAQ:LRCX opened at $81.30 on Thursday. The stock has a fifty day simple moving average of $78.74 and a 200-day simple moving average of $78.11. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market capitalization of $104.36 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. 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 earnings results 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 net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts expect that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced 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 27.96%.

Analyst Ratings Changes

LRCX has been the topic of a number of analyst reports. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Susquehanna upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $75.00 to $125.00 in a research report on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.22.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

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.