Kuhn & Co Investment Counsel Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Kuhn & Co Investment Counsel increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, Holdings Channel reports. The firm owned 20,840 shares of the semiconductor company’s stock after buying an additional 18,756 shares during the period. Lam Research makes up approximately 1.3% of Kuhn & Co Investment Counsel’s investment portfolio, making the stock its 19th biggest position. Kuhn & Co Investment Counsel’s holdings in Lam Research were worth $1,505,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Lam Research by 2,400.0% in the third 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 during the last quarter. Insight Wealth Partners LLC bought a new stake in shares of Lam Research in the third quarter worth about $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research in the third quarter worth about $204,000. CWC Advisors LLC. bought a new stake in shares of Lam Research in the third quarter worth about $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Lam Research during the 3rd quarter valued at approximately $220,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LRCX shares. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Barclays cut their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $82.75 on Friday. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a market cap of $106.22 billion, a P/E ratio of 25.14, a PEG ratio of 1.37 and a beta of 1.46. The company has a 50 day moving average of $77.48 and a 200 day moving average of $77.99. 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 announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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 expect that Lam Research Co. will post 3.69 EPS for the current fiscal 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 dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. Lam Research’s dividend payout ratio is presently 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.