Empowered Funds LLC Grows Position in Lam Research Co. (NASDAQ:LRCX)

Empowered Funds LLC lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,140.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,639 shares of the semiconductor company’s stock after purchasing an additional 155,964 shares during the quarter. Empowered Funds LLC’s holdings in Lam Research were worth $12,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LRCX. Atwood & Palmer Inc. purchased a new position in shares of Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC grew its holdings in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares during the period. Country Trust Bank grew its holdings in shares of Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares during the period. Finley Financial LLC purchased a new position in shares of Lam Research during the 4th quarter worth $30,000. Finally, Stephens Consulting LLC grew its holdings in shares of Lam Research by 900.0% during the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 387 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on LRCX shares. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Stifel Nicolaus restated a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and raised their target price for the company from $95.00 to $100.00 in a report on Thursday, January 30th. Finally, B. Riley reduced their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Trading Down 0.6 %

LRCX opened at $82.33 on Friday. The firm has a market cap of $105.68 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The business’s 50 day moving average is $76.92 and its two-hundred day moving average is $78.32. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, research analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

Lam Research 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.