Lam Research Co. (NASDAQ:LRCX) Shares Bought by Mcdonald Partners LLC

Mcdonald Partners LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 981.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,980 shares of the semiconductor company’s stock after acquiring an additional 7,242 shares during the period. Mcdonald Partners LLC’s holdings in Lam Research were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Commonwealth Equity Services LLC grew its holdings in shares of Lam Research by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 42,489 shares of the semiconductor company’s stock worth $34,675,000 after buying an additional 3,283 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Lam Research by 39.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the semiconductor company’s stock worth $15,781,000 after buying an additional 5,484 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Lam Research by 5.6% during the third quarter. Foundations Investment Advisors LLC now owns 5,882 shares of the semiconductor company’s stock worth $4,800,000 after buying an additional 313 shares in the last quarter. Eastern Bank grew its holdings in shares of Lam Research by 54.9% during the third quarter. Eastern Bank now owns 522 shares of the semiconductor company’s stock worth $426,000 after buying an additional 185 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Lam Research by 8.1% during the third quarter. Private Advisor Group LLC now owns 6,374 shares of the semiconductor company’s stock worth $5,201,000 after buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. Morgan Stanley lifted their price target 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 lowered their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their target price on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Trading Up 4.6 %

NASDAQ LRCX opened at $86.52 on Wednesday. The stock has a market cap of $111.06 billion, a P/E ratio of 26.28, a PEG ratio of 1.36 and a beta of 1.46. The company’s fifty day simple moving average is $77.81 and its 200-day simple moving average is $77.82. 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 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results 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%. Equities research analysts predict that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.06%. Lam Research’s dividend payout ratio 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.