Guinness Atkinson Asset Management Inc Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

Guinness Atkinson Asset Management Inc raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 948.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 78,555 shares of the semiconductor company’s stock after buying an additional 71,060 shares during the period. Lam Research makes up about 2.9% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 22nd largest position. Guinness Atkinson Asset Management Inc’s holdings in Lam Research were worth $5,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. West Oak Capital LLC raised its position in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 135 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Lam Research during the fourth quarter worth approximately $37,000. Eagle Bay Advisors LLC lifted its position in shares of Lam Research by 484.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after buying an additional 460 shares during the last quarter. Finally, Cranbrook Wealth Management LLC boosted its holdings in shares of Lam Research by 900.0% in the 4th quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on LRCX shares. Sanford C. Bernstein cut their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, Mizuho decreased their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Performance

Shares of LRCX stock opened at $80.30 on Monday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The stock has a 50 day simple moving average of $74.73 and a 200-day simple moving average of $80.81.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $6.85 earnings per share. Lam Research’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is presently 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.