Moody Lynn & Lieberson LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Moody Lynn & Lieberson LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 896.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,314 shares of the semiconductor company’s stock after buying an additional 3,881 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Lam Research were worth $312,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Parisi Gray Wealth Management grew its position in shares of Lam Research by 652.9% during the 4th quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after acquiring an additional 7,241 shares during the period. Burns J W & Co. Inc. NY bought a new position in Lam Research during the fourth quarter valued at $815,000. Jennison Associates LLC increased its position in Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock worth $194,451,000 after buying an additional 39,725 shares during the last quarter. Creative Planning raised its stake in shares of Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after buying an additional 1,146 shares during the period. Finally, Vest Financial LLC lifted its position in shares of Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock valued at $29,372,000 after buying an additional 14,658 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 1.9 %

Shares of LRCX stock opened at $79.68 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $102.52 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The business has a 50-day moving average price of $75.43 and a two-hundred day moving average price of $80.07. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its 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. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.85 earnings per share. Equities 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. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LRCX shares. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lam Research 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.