Lam Research Co. (NASDAQ:LRCX) Shares Bought by CCM Investment Advisers LLC

CCM Investment Advisers LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 891.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,360 shares of the semiconductor company’s stock after buying an additional 43,484 shares during the quarter. CCM Investment Advisers LLC’s holdings in Lam Research were worth $3,493,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Lantz Financial LLC acquired a new position in Lam Research in the 2nd quarter valued at $212,000. MGO One Seven LLC raised its position in shares of Lam Research by 42.6% in the 2nd quarter. MGO One Seven LLC now owns 1,459 shares of the semiconductor company’s stock worth $1,554,000 after buying an additional 436 shares during the period. American Century Companies Inc. boosted its holdings in Lam Research by 17.5% in the second quarter. American Century Companies Inc. now owns 99,283 shares of the semiconductor company’s stock valued at $105,722,000 after acquiring an additional 14,800 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Lam Research by 29.8% during the second quarter. Jupiter Asset Management Ltd. now owns 78,634 shares of the semiconductor company’s stock worth $83,733,000 after acquiring an additional 18,061 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in shares of Lam Research by 13.5% during the 2nd quarter. Achmea Investment Management B.V. now owns 20,448 shares of the semiconductor company’s stock worth $21,774,000 after purchasing an additional 2,427 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ LRCX traded down $2.58 during trading on Friday, hitting $74.46. 3,253,865 shares of the company’s stock were exchanged, compared to its average volume of 9,143,671. The company has a market cap of $95.81 billion, a PE ratio of 24.07, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $74.72 and its two-hundred day moving average price is $82.01. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm posted $6.85 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. Research analysts expect that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LRCX. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Citigroup decreased their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a report on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Finally, 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 note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $96.91.

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.