Citizens National Bank Trust Department Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Citizens National Bank Trust Department boosted its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450 shares of the semiconductor company’s stock after buying an additional 405 shares during the quarter. Citizens National Bank Trust Department’s holdings in Lam Research were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of 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 valued at $13,123,440,000 after purchasing an additional 15,005,178 shares in the last quarter. Swedbank AB grew its position in shares of Lam Research by 1,488.8% in the fourth 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Lam Research by 827.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock valued at $228,285,000 after purchasing an additional 2,819,668 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Lam Research in the fourth quarter valued at $175,652,000. Finally, Principal Financial Group Inc. grew its position in shares of Lam Research by 949.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,625,490 shares of the semiconductor company’s stock valued at $189,639,000 after purchasing an additional 2,375,385 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.6 %

NASDAQ LRCX opened at $89.02 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $78.27 and a 200-day moving average of $77.97. The firm has a market cap of $114.27 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.43 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 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%. As a group, sell-side analysts forecast that Lam Research Co. will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Morgan Stanley boosted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $100.00 target price on shares of Lam Research in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.22.

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.