Thomasville National Bank Acquires 7,368 Shares of Lam Research Co. (NASDAQ:LRCX)

Thomasville National Bank boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 907.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,180 shares of the semiconductor company’s stock after acquiring an additional 7,368 shares during the quarter. Thomasville National Bank’s holdings in Lam Research were worth $591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares in the last quarter. NCP Inc. acquired a new position in Lam Research during the second quarter worth $213,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares during the period. Excalibur Management Corp acquired a new stake in shares of Lam Research in the 2nd quarter valued at $225,000. Finally, Mill Creek Capital Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter worth about $226,000. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday. The Goldman Sachs Group decreased their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Mizuho decreased their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Citigroup reduced their price target on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Trading Down 0.3 %

NASDAQ LRCX opened at $74.45 on Tuesday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a 50-day simple moving average of $74.72 and a 200 day simple moving average of $81.43. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $95.79 billion, a PE ratio of 24.06, a P/E/G ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly 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 company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the business posted $6.85 EPS. Lam Research’s revenue was up 19.7% on a year-over-year basis. Research analysts forecast that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

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

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.