Farmers & Merchants Investments Inc. Acquires 18,322 Shares of Lam Research Co. (NASDAQ:LRCX)

Farmers & Merchants Investments Inc. lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 903.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,350 shares of the semiconductor company’s stock after acquiring an additional 18,322 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Lam Research were worth $1,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Lam Research by 2,400.0% during the 3rd 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 during the last quarter. Sunflower Bank N.A. acquired a new stake in Lam Research during the 3rd quarter worth approximately $202,000. Insight Wealth Partners LLC acquired a new stake in Lam Research during the 3rd quarter worth approximately $202,000. B&L Asset Management LLC acquired a new stake in Lam Research during the 3rd quarter worth approximately $204,000. Finally, CWC Advisors LLC. acquired a new stake in Lam Research during the 3rd quarter worth approximately $220,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho lowered their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Friday, January 17th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. The Goldman Sachs Group reduced their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Stock Down 0.6 %

LRCX stock opened at $82.33 on Friday. The stock’s 50 day simple moving average is $76.92 and its 200 day simple moving average is $78.32. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. 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 market cap of $105.68 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. On average, research analysts expect 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. Stockholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Lam Research 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.