6,650 Shares in Lam Research Co. (NASDAQ:LRCX) Bought by Global Trust Asset Management LLC

Global Trust Asset Management LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,650 shares of the semiconductor company’s stock, valued at approximately $480,000.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 56 shares in the last quarter. NCP Inc. bought a new position in Lam Research in the second quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares during the last quarter. Mill Creek Capital Advisors LLC bought a new stake in Lam Research during the 2nd quarter worth about $226,000. Finally, Advisory Alpha LLC acquired a new position in shares of Lam Research during the 2nd quarter worth about $256,000. 84.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Sanford C. Bernstein dropped their price objective on 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. Wells Fargo & Company cut their price objective on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Finally, B. Riley cut their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $81.50 on Wednesday. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45. The stock’s fifty day moving average price is $74.92 and its two-hundred day moving average price is $80.24.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. Lam Research’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned $6.85 earnings per share. 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 declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

Lam Research Company 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.