SYM FINANCIAL Corp Buys Shares of 12,080 Lam Research Co. (NASDAQ:LRCX)

SYM FINANCIAL Corp purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,080 shares of the semiconductor company’s stock, valued at approximately $873,000.

A number of other institutional investors also recently made changes to their positions in the stock. Parisi Gray Wealth Management raised its holdings in Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock worth $603,000 after purchasing an additional 7,241 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research in the 4th quarter worth $815,000. Jennison Associates LLC lifted its holdings in shares of Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock valued at $194,451,000 after buying an additional 39,725 shares during the period. Creative Planning boosted its stake in Lam Research by 2.5% during the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after buying an additional 1,146 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in Lam Research by 68.7% during the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock worth $29,372,000 after acquiring an additional 14,658 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and upped their price target for the company from $95.00 to $100.00 in a report on Thursday. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their price target for the company from $85.00 to $91.00 in a report on Thursday. Finally, BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Stock Up 0.4 %

Lam Research stock opened at $81.05 on Friday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market cap of $104.29 billion, a PE ratio of 24.62, a P/E/G ratio of 1.38 and a beta of 1.45. The firm’s 50 day moving average price is $76.05 and its two-hundred day moving average price is $78.95.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. On average, research analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Lam Research’s payout ratio is 27.95%.

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.