Western Financial Corp CA Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

Western Financial Corp CA boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 606.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,046 shares of the semiconductor company’s stock after acquiring an additional 6,907 shares during the quarter. Western Financial Corp CA’s holdings in Lam Research were worth $581,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. lifted its holdings 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 valued at $163,000 after purchasing an additional 192 shares in the last quarter. Sunflower Bank N.A. bought a new position in Lam Research during the 3rd quarter valued at about $202,000. Insight Wealth Partners LLC purchased a new stake in shares of Lam Research during the 3rd quarter valued at about $202,000. B&L Asset Management LLC purchased a new position in shares of Lam Research during the third quarter valued at approximately $204,000. Finally, CWC Advisors LLC. purchased a new position in shares of Lam Research during the third quarter valued at approximately $220,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Lam Research stock opened at $81.05 on Friday. 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 firm has a 50-day moving average price of $76.05 and a 200-day moving average price of $78.95. The firm has a market capitalization of $104.29 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45.

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

Lam Research Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on LRCX. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.72.

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.