Alpha Cubed Investments LLC Grows Holdings in Lam Research Co. (NASDAQ:LRCX)

Alpha Cubed Investments LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 346.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,680 shares of the semiconductor company’s stock after buying an additional 9,838 shares during the period. Alpha Cubed Investments LLC’s holdings in Lam Research were worth $916,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Lam Research during the fourth quarter valued at approximately $175,652,000. Guinness Asset Management LTD lifted its holdings in Lam Research by 1,129.8% during the 4th quarter. Guinness Asset Management LTD now owns 482,156 shares of the semiconductor company’s stock worth $34,825,000 after buying an additional 442,949 shares during the last quarter. ARS Investment Partners LLC grew its position in shares of Lam Research by 908.9% in the 4th quarter. ARS Investment Partners LLC now owns 490,881 shares of the semiconductor company’s stock worth $35,456,000 after acquiring an additional 442,224 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. increased its holdings in shares of Lam Research by 886.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock valued at $25,266,000 after acquiring an additional 314,349 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho cut their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group lowered their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Friday. Finally, BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Price Performance

Shares of Lam Research stock opened at $80.30 on Tuesday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market cap of $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. The company’s 50-day moving average price is $74.81 and its two-hundred day moving average price is $80.43.

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

Lam Research Announces Dividend

The business also recently disclosed 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. 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 presently 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.