Silicon Valley Capital Partners Grows Position in Lam Research Co. (NASDAQ:LRCX)

Silicon Valley Capital Partners raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 672.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 811 shares of the semiconductor company’s stock after acquiring an additional 706 shares during the period. Silicon Valley Capital Partners’ holdings in Lam Research were worth $59,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Four Tree Island Advisory LLC bought a new position in shares of Lam Research during the 4th quarter valued at about $17,635,000. Ferguson Wellman Capital Management Inc. increased its position in shares of Lam Research by 1,179.8% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 6,540 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 6,029 shares during the last quarter. Savant Capital LLC increased its position in shares of Lam Research by 893.5% during the 4th quarter. Savant Capital LLC now owns 22,790 shares of the semiconductor company’s stock valued at $1,646,000 after purchasing an additional 20,496 shares during the last quarter. RAM Investment Partners LLC increased its position in shares of Lam Research by 915.6% during the 4th quarter. RAM Investment Partners LLC now owns 14,147 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 12,754 shares during the last quarter. Finally, Angeles Wealth Management LLC bought a new position in shares of Lam Research during the 4th quarter valued at about $469,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LRCX. Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Mizuho reduced their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Stifel Nicolaus restated a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $100.00 in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Trading Down 0.6 %

LRCX opened at $82.33 on Monday. The business has a 50 day moving average of $76.92 and a 200-day moving average of $78.19. The stock has a market cap of $105.68 billion, a PE ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict 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. Shareholders 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 yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is 27.95%.

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.