Hudock Inc. Buys 2,630 Shares of Lam Research Co. (NASDAQ:LRCX)

Hudock Inc. grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,015.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,889 shares of the semiconductor company’s stock after purchasing an additional 2,630 shares during the period. Hudock Inc.’s holdings in Lam Research were worth $209,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LRCX. Van ECK Associates Corp boosted its stake in Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares in the last quarter. Swedbank AB boosted its stake in Lam Research by 1,488.8% during the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after acquiring an additional 2,875,843 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Lam Research by 827.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock worth $228,285,000 after acquiring an additional 2,819,668 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Lam Research during the fourth quarter worth about $175,652,000. Finally, KBC Group NV boosted its stake in Lam Research by 904.7% during the fourth quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock worth $99,031,000 after acquiring an additional 1,234,595 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 2.0 %

LRCX opened at $81.57 on Thursday. 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 has a 50 day moving average price of $77.12 and a 200-day moving average price of $77.97. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The stock has a market capitalization of $104.71 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.37 and a beta of 1.46.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research’s dividend payout ratio (DPR) is 27.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.