Valley Brook Capital Group Inc. Acquires 4,275 Shares of Lam Research Co. (NASDAQ:LRCX)

Valley Brook Capital Group Inc. increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,750 shares of the semiconductor company’s stock after acquiring an additional 4,275 shares during the period. Valley Brook Capital Group Inc.’s holdings in Lam Research were worth $343,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares in the last quarter. Insight Wealth Partners LLC purchased a new position in shares of Lam Research in the 3rd quarter worth approximately $202,000. B&L Asset Management LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $204,000. CWC Advisors LLC. purchased a new stake in shares of Lam Research during the third quarter valued at approximately $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Lam Research during the third quarter worth $220,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $83.26 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $77.03 and its 200 day simple moving average is $78.01. The stock has a market cap of $106.88 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, research analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LRCX. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. KeyCorp upgraded 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. Mizuho dropped their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Finally, BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

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.