Northside Capital Management LLC Buys 2,709 Shares of Lam Research Co. (NASDAQ:LRCX)

Northside Capital Management LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,010 shares of the semiconductor company’s stock after buying an additional 2,709 shares during the quarter. Northside Capital Management LLC’s holdings in Lam Research were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. State Street Corp lifted its stake in Lam Research by 1.6% in the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock valued at $4,817,113,000 after purchasing an additional 94,086 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lam Research by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock worth $2,539,413,000 after purchasing an additional 64,053 shares during the period. Assenagon Asset Management S.A. acquired a new position in Lam Research during the fourth quarter worth approximately $175,652,000. Finally, Fisher Asset Management LLC raised its stake in Lam Research by 0.6% in the third quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock valued at $1,527,273,000 after buying an additional 11,093 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LRCX. The Goldman Sachs Group decreased their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Mizuho decreased their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Stock Up 1.5 %

LRCX stock opened at $76.15 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a market cap of $97.98 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The business has a 50-day simple moving average of $74.70 and a 200 day simple moving average of $81.22.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the business posted $6.85 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Sell-side analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

Lam Research Profile

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.