Lam Research Co. (NASDAQ:LRCX) Shares Purchased by KRS Capital Management LLC

KRS Capital Management LLC grew its position in Lam Research Co. (NASDAQ:LRCX) by 909.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,460 shares of the semiconductor company’s stock after purchasing an additional 13,027 shares during the quarter. Lam Research makes up 0.7% of KRS Capital Management LLC’s investment portfolio, making the stock its 25th largest position. KRS Capital Management LLC’s holdings in Lam Research were worth $1,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. West Oak Capital LLC raised its stake in 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 acquiring an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its position in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Lam Research during the 4th quarter worth $37,000. Eagle Bay Advisors LLC lifted its stake in shares of Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 460 shares during the period. Finally, Cranbrook Wealth Management LLC boosted its holdings in shares of Lam Research by 900.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX traded up $1.08 during midday trading on Friday, reaching $80.30. 10,347,143 shares of the company traded hands, compared to its average volume of 9,876,011. 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 current ratio of 2.53 and a quick ratio of 1.74. The company has a fifty day moving average price of $74.68 and a 200 day moving average price of $80.99. The firm has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company earned $6.85 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Wells Fargo & Company cut their price objective on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Barclays dropped their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.