Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Dohj LLC

Dohj LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,874 shares of the semiconductor company’s stock after purchasing an additional 1,147 shares during the quarter. Dohj LLC’s holdings in Lam Research were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. American National Bank & Trust raised its holdings in Lam Research by 34.0% in the 3rd quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 73 shares during the period. Czech National Bank increased its position in shares of Lam Research by 6.6% during the third quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock valued at $21,674,000 after acquiring an additional 1,645 shares during the last quarter. Apella Capital LLC raised its stake in shares of Lam Research by 938.9% in the 3rd quarter. Apella Capital LLC now owns 3,283 shares of the semiconductor company’s stock valued at $2,679,000 after acquiring an additional 2,967 shares during the period. Eldred Rock Partners LLC lifted its holdings in shares of Lam Research by 4.3% in the 3rd quarter. Eldred Rock Partners LLC now owns 15,370 shares of the semiconductor company’s stock worth $12,579,000 after acquiring an additional 630 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in shares of Lam Research by 36.9% during the 3rd quarter. Wright Investors Service Inc. now owns 1,906 shares of the semiconductor company’s stock worth $1,555,000 after purchasing an additional 514 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LRCX. Stifel Nicolaus restated a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. 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 report on Friday, January 17th. Morgan Stanley boosted their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Trading Up 0.4 %

Shares of Lam Research stock opened at $81.05 on Friday. The company has a fifty day simple moving average of $76.05 and a 200-day simple moving average of $78.95. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market cap of $104.29 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. On average, equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is currently 27.95%.

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.