Lam Research Co. (NASDAQ:LRCX) Stake Lessened by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC cut its stake in Lam Research Co. (NASDAQ:LRCX) by 71.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536 shares of the semiconductor company’s stock after selling 1,335 shares during the period. Strengthening Families & Communities LLC’s holdings in Lam Research were worth $39,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. McBroom & Associates LLC bought a new stake in Lam Research during the fourth quarter worth approximately $6,324,000. Stonebridge Financial Group LLC bought a new stake in Lam Research during the fourth quarter worth approximately $193,000. Core Alternative Capital boosted its holdings in Lam Research by 809.5% during the fourth quarter. Core Alternative Capital now owns 11,460 shares of the semiconductor company’s stock worth $828,000 after buying an additional 10,200 shares in the last quarter. Essex Financial Services Inc. bought a new stake in Lam Research during the fourth quarter worth approximately $400,000. Finally, Violich Capital Management Inc. boosted its holdings in Lam Research by 900.0% during the fourth quarter. Violich Capital Management Inc. now owns 100,000 shares of the semiconductor company’s stock worth $7,223,000 after buying an additional 90,000 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LRCX shares. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Barclays reduced their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. B. Riley reduced their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price target 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. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Stock Up 1.7 %

LRCX stock opened at $83.73 on Tuesday. 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 fifty day simple moving average of $76.92 and a 200 day simple moving average of $78.06. The firm has a market cap of $107.48 billion, a PE ratio of 25.43, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) 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%. Sell-side analysts anticipate that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

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 issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.10%. Lam Research’s dividend payout ratio (DPR) is presently 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.