Lodestar Private Asset Management LLC Has $369,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Lodestar Private Asset Management LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,110 shares of the semiconductor company’s stock after buying an additional 4,599 shares during the period. Lodestar Private Asset Management LLC’s holdings in Lam Research were worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp lifted 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 acquiring an additional 15,005,178 shares during the period. State Street Corp raised its stake in shares of Lam Research by 1.6% in the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock valued at $4,817,113,000 after purchasing an additional 94,086 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Lam Research by 827.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock worth $228,285,000 after purchasing an additional 2,819,668 shares during the period. Geode Capital Management LLC boosted its stake in Lam Research by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock worth $2,539,413,000 after buying an additional 64,053 shares in the last quarter. Finally, Swedbank AB increased its holdings in Lam Research by 1,488.8% in the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after buying an additional 2,875,843 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $82.83 on Friday. The company has a market cap of $106.58 billion, a PE ratio of 25.16, a PEG ratio of 1.34 and a beta of 1.46. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company’s 50-day moving average is $76.53 and its two-hundred day moving average is $78.26.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analysts Set New Price Targets

A number of research firms have recently commented on LRCX. Morgan Stanley raised their price objective 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 objective on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

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.