Brighton Jones LLC Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

Brighton Jones LLC increased its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,032.4% in the 4th quarter, Holdings Channel reports. The firm owned 14,189 shares of the semiconductor company’s stock after buying an additional 12,936 shares during the period. Brighton Jones LLC’s holdings in Lam Research were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. purchased a new stake in Lam Research during the 4th quarter valued at $27,000. West Oak Capital LLC increased its position in Lam Research by 50.9% during the fourth 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. Finley Financial LLC bought a new position in Lam Research in the fourth quarter valued at about $30,000. Householder Group Estate & Retirement Specialist LLC boosted its position in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $37,000. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Price Performance

LRCX stock opened at $79.68 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The firm has a market capitalization of $102.52 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The company has a fifty day simple moving average of $75.43 and a two-hundred day simple moving average of $80.07. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the business posted $6.85 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. Analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Lam Research 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.