GoalVest Advisory LLC Raises Position in Lam Research Co. (NASDAQ:LRCX)

GoalVest Advisory LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,850 shares of the semiconductor company’s stock after acquiring an additional 9,765 shares during the period. GoalVest Advisory LLC’s holdings in Lam Research were worth $784,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quarry LP lifted its position in Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares during the period. NCP Inc. purchased a new stake in shares of Lam Research in the 2nd quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the last quarter. Mill Creek Capital Advisors LLC acquired a new position in shares of Lam Research in the second quarter worth $226,000. Finally, Advisory Alpha LLC purchased a new position in Lam Research in the 2nd quarter valued at about $256,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Mizuho decreased their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. B. Riley cut their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down from $105.00) 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Stock Up 2.1 %

Lam Research stock opened at $83.25 on Thursday. The company has a market cap of $107.12 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a fifty day simple moving average of $74.92 and a 200 day simple moving average of $80.24.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $6.85 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed 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 1.11%. Lam Research’s dividend payout ratio is 29.74%.

Lam Research Company Profile

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.