Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,541.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,118 shares of the semiconductor company’s stock after purchasing an additional 1,989 shares during the period. Catalyst Capital Advisors LLC’s holdings in Lam Research were worth $153,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Creative Planning lifted its stake in Lam Research by 2.5% in the 3rd 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. Commonwealth Equity Services LLC increased its holdings in shares of Lam Research by 8.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 42,489 shares of the semiconductor company’s stock valued at $34,675,000 after acquiring an additional 3,283 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Lam Research by 39.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the semiconductor company’s stock valued at $15,781,000 after acquiring an additional 5,484 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Lam Research by 5.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 5,882 shares of the semiconductor company’s stock valued at $4,800,000 after acquiring an additional 313 shares during the last quarter. Finally, Eastern Bank increased its holdings in shares of Lam Research by 54.9% during the 3rd quarter. Eastern Bank now owns 522 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 185 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Down 0.7 %

NASDAQ LRCX opened at $82.75 on Tuesday. The stock has a fifty day moving average of $77.48 and a 200-day moving average of $77.86. The stock has a market capitalization of $106.22 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its earnings results 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%. On average, equities research analysts forecast that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The business 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 dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LRCX shares. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. Mizuho decreased their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and raised their price objective 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

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.