Guerra Pan Advisors LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Guerra Pan Advisors LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the semiconductor company’s stock after buying an additional 4,320 shares during the quarter. Guerra Pan Advisors LLC’s holdings in Lam Research were worth $347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LRCX. Quarry LP raised its position in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the period. NCP Inc. purchased a new position in shares of Lam Research during the second quarter worth approximately $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares during the period. Advisory Alpha LLC purchased a new position in shares of Lam Research during the second quarter worth approximately $256,000. Finally, Silver Lake Advisory LLC bought a new position in shares of Lam Research during the second quarter valued at approximately $261,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LRCX has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein dropped their price objective 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. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Price Performance

Shares of LRCX opened at $79.68 on Friday. The firm has a market capitalization of $102.52 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company’s fifty day moving average price is $75.43 and its 200-day moving average price is $80.07.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company 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 firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $6.85 earnings per share. On average, equities research analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date 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 is presently 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.