Davis Investment Partners LLC Grows Position in Lam Research Co. (NASDAQ:LRCX)

Davis Investment Partners LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the semiconductor company’s stock after purchasing an additional 7,200 shares during the period. Davis Investment Partners LLC’s holdings in Lam Research were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall & Sullivan Inc. WA grew its holdings in Lam Research by 901.3% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 66,119 shares of the semiconductor company’s stock valued at $4,776,000 after buying an additional 59,516 shares in the last quarter. Claro Advisors LLC raised its holdings in shares of Lam Research by 483.3% during the 4th quarter. Claro Advisors LLC now owns 3,074 shares of the semiconductor company’s stock worth $222,000 after acquiring an additional 2,547 shares in the last quarter. Abound Wealth Management grew its holdings in shares of Lam Research by 902.2% in the fourth quarter. Abound Wealth Management now owns 922 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 830 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Lam Research in the 4th quarter worth about $215,000. Finally, Grassi Investment Management lifted its holdings in shares of Lam Research by 900.0% in the 4th quarter. Grassi Investment Management now owns 4,000 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 3,600 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $0.20 during trading on Monday, hitting $74.45. 8,015,017 shares of the stock traded hands, compared to its average volume of 10,250,239. The company has a fifty day moving average price of $74.72 and a two-hundred day moving average price of $81.65. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market cap of $95.79 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the firm earned $6.85 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, equities analysts predict that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Citigroup dropped their price objective on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research note on Monday, September 16th. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.59.

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.