Green Alpha Advisors LLC Buys 22,067 Shares of Lam Research Co. (NASDAQ:LRCX)

Green Alpha Advisors LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 851.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,659 shares of the semiconductor company’s stock after acquiring an additional 22,067 shares during the quarter. Lam Research comprises approximately 1.4% of Green Alpha Advisors LLC’s holdings, making the stock its 18th biggest position. Green Alpha Advisors LLC’s holdings in Lam Research were worth $1,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. Neville Rodie & Shaw Inc. boosted its stake in shares of Lam Research by 886.9% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after acquiring an additional 314,349 shares during the period. Czech National Bank grew its position in shares of Lam Research by 950.4% during the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock worth $20,151,000 after purchasing an additional 252,420 shares in the last quarter. Two Sigma Advisers LP raised its stake in Lam Research by 215.4% during the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after purchasing an additional 233,500 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in Lam Research by 994.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock worth $190,066,000 after purchasing an additional 211,614 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LRCX shares. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Finally, Mizuho decreased their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.65.

Lam Research Trading Down 3.1 %

LRCX stock opened at $74.65 on Monday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The firm’s 50-day moving average is $74.72 and its 200 day moving average is $81.65. The company has a market capitalization of $96.05 billion, a PE ratio of 24.13, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

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 quarter in the previous year, the firm posted $6.85 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. On average, research analysts anticipate that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.23%. Lam Research’s dividend payout ratio is currently 29.77%.

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.