First Affirmative Financial Network Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

First Affirmative Financial Network grew its stake in Lam Research Co. (NASDAQ:LRCX) by 955.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,503 shares of the semiconductor company’s stock after acquiring an additional 5,887 shares during the quarter. First Affirmative Financial Network’s holdings in Lam Research were worth $470,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. Swedbank AB boosted its position in shares of Lam Research by 1,488.8% during the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after buying an additional 2,875,843 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Lam Research during the fourth quarter valued at $175,652,000. KBC Group NV raised its position in Lam Research by 904.7% in the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock worth $99,031,000 after buying an additional 1,234,595 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Lam Research by 779.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company’s stock valued at $68,130,000 after acquiring an additional 836,044 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on LRCX. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group reduced their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Barclays cut their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $96.07.

Lam Research Price Performance

LRCX opened at $75.15 on Thursday. The company has a market capitalization of $96.69 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.53 and a beta of 1.45. 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 business’s fifty day simple moving average is $75.62 and its 200-day simple moving average is $79.15.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. On average, equities research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.22%. Lam Research’s dividend payout ratio (DPR) is 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.