Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 1,104.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,710 shares of the semiconductor company’s stock after buying an additional 18,074 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Lam Research were worth $1,424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in Lam Research in the 4th quarter valued at about $27,000. West Oak Capital LLC lifted its position in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted 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 purchasing an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in Lam Research in the 4th quarter valued at about $37,000. Finally, Eagle Bay Advisors LLC lifted its position in Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 460 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on LRCX. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Morgan Stanley boosted their price target 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. Sanford C. Bernstein dropped their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, November 29th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Stock Performance

Lam Research stock opened at $81.23 on Friday. The firm’s 50 day simple moving average is $75.11 and its 200-day simple moving average is $80.06. The company has a market cap of $104.52 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.50 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 Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $6.85 earnings per share. As a group, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is presently 29.77%.

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.