Lam Research Co. (NASDAQ:LRCX) Shares Bought by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,670 shares of the semiconductor company’s stock after purchasing an additional 6,903 shares during the quarter. Westside Investment Management Inc.’s holdings in Lam Research were worth $554,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after buying an additional 15,005,178 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Lam Research in the 4th quarter worth about $175,652,000. Guinness Asset Management LTD boosted its stake in Lam Research by 1,129.8% in the fourth quarter. Guinness Asset Management LTD now owns 482,156 shares of the semiconductor company’s stock valued at $34,825,000 after acquiring an additional 442,949 shares during the period. ARS Investment Partners LLC grew its stake in Lam Research by 908.9% during the 4th quarter. ARS Investment Partners LLC now owns 490,881 shares of the semiconductor company’s stock worth $35,456,000 after buying an additional 442,224 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Lam Research in the 4th quarter valued at about $31,060,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $84.04 on Wednesday. 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 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The company has a market capitalization of $108.13 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.48 and a beta of 1.45. The business has a 50 day moving average of $74.92 and a 200-day moving average of $80.24.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $6.85 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts predict that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. B. Riley reduced their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Mizuho reduced their price objective 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. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

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.