Activest Wealth Management Buys 510 Shares of Lam Research Co. (NASDAQ:LRCX)

Activest Wealth Management raised its position in Lam Research Co. (NASDAQ:LRCX) by 1,159.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 554 shares of the semiconductor company’s stock after buying an additional 510 shares during the period. Activest Wealth Management’s holdings in Lam Research were worth $40,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Lam Research by 1,394.7% in the third 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 period. Swedbank AB boosted its stake in shares of 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 purchasing an additional 2,875,843 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Lam Research by 827.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock worth $228,285,000 after buying an additional 2,819,668 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Lam Research during the fourth quarter worth approximately $175,652,000. Finally, KBC Group NV lifted its holdings in Lam Research by 904.7% in the fourth quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after buying an additional 1,234,595 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on LRCX shares. Morgan Stanley upped their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Mizuho lowered their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Down 0.6 %

Lam Research stock opened at $82.33 on Monday. The company has a fifty day simple moving average of $76.92 and a 200 day simple moving average of $78.19. 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 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 released its earnings results 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%. Research analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. Lam Research’s dividend payout ratio is presently 27.96%.

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.