Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Trust Co. of Oklahoma

Trust Co. of Oklahoma grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 904.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,778 shares of the semiconductor company’s stock after purchasing an additional 23,211 shares during the quarter. Trust Co. of Oklahoma’s holdings in Lam Research were worth $1,862,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. AE Wealth Management LLC raised its holdings in Lam Research by 22.5% in the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock valued at $1,019,000 after acquiring an additional 176 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 16 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Lam Research by 7.6% in the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 27 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Lam Research by 76.3% during the second quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after buying an additional 2,159 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Lam Research by 12.3% during the second quarter. Evergreen Capital Management LLC now owns 852 shares of the semiconductor company’s stock worth $909,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 2.1 %

Shares of LRCX stock opened at $83.25 on Thursday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a 50 day moving average price of $75.11 and a 200 day moving average price of $80.06. The stock has a market capitalization of $107.12 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

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

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.11%. Lam Research’s payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LRCX shares. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday, January 17th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein decreased their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.77.

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.