RAM Investment Partners LLC Has $1.02 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

RAM Investment Partners LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 915.6% in the fourth quarter, HoldingsChannel reports. The fund owned 14,147 shares of the semiconductor company’s stock after buying an additional 12,754 shares during the quarter. RAM Investment Partners LLC’s holdings in Lam Research were worth $1,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in Lam Research during the fourth quarter valued at $27,000. West Oak Capital LLC lifted its holdings in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Country Trust Bank grew 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 buying an additional 360 shares in the last quarter. Finley Financial LLC bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $30,000. Finally, Stephens Consulting LLC increased its holdings in Lam Research by 900.0% in the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Friday, January 17th. Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Finally, Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Stock Down 0.6 %

Lam Research stock opened at $82.33 on Monday. The firm has a market capitalization of $105.68 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46. The company’s 50 day simple moving average is $76.92 and its 200 day simple moving average is $78.19. 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 Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

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.