WD Rutherford LLC Acquires 8,677 Shares of Lam Research Co. (NASDAQ:LRCX)

WD Rutherford LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 828.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,724 shares of the semiconductor company’s stock after acquiring an additional 8,677 shares during the period. WD Rutherford LLC’s holdings in Lam Research were worth $702,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in 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 worth $163,000 after purchasing an additional 192 shares in the last quarter. Insight Wealth Partners LLC acquired a new stake in shares of Lam Research in the third quarter worth about $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research during the 3rd quarter worth about $204,000. CWC Advisors LLC. acquired a new position in shares of Lam Research during the 3rd quarter valued at about $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Lam Research in the 3rd quarter valued at approximately $220,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $82.75 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a 50-day moving average of $77.48 and a 200-day moving average of $77.99. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a market capitalization of $106.22 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued 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 payout ratio is presently 27.95%.

Analyst Ratings Changes

Several equities analysts have commented on LRCX shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. B. Riley decreased their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and increased their target price for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.