Walker Asset Management LLC Grows Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Walker Asset Management LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 903.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,581 shares of the semiconductor company’s stock after buying an additional 3,224 shares during the period. Walker Asset Management LLC’s holdings in Lam Research were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LRCX. Relyea Zuckerberg Hanson LLC raised its stake in shares of Lam Research by 1,010.9% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 3,466 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 3,154 shares during the last quarter. Saxon Interests Inc. purchased a new position in Lam Research during the fourth quarter valued at approximately $243,000. Avanza Fonder AB acquired a new position in Lam Research in the fourth quarter valued at approximately $8,929,000. Procyon Advisors LLC boosted its position in Lam Research by 918.0% in the 4th quarter. Procyon Advisors LLC now owns 15,107 shares of the semiconductor company’s stock worth $1,091,000 after purchasing an additional 13,623 shares in the last quarter. Finally, First Pacific Financial grew its stake in shares of Lam Research by 900.0% during the 4th quarter. First Pacific Financial now owns 1,640 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 1,476 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

LRCX stock opened at $80.30 on Friday. The business’s fifty day moving average price is $74.68 and its 200 day moving average price is $80.99. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. 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 $103.32 billion, a PE ratio of 25.95, a P/E/G ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.85 earnings per share. On average, sell-side analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. Lam Research’s dividend payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LRCX shares. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. B. Riley lowered their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas upgraded Lam Research to a “hold” rating in a research report on Thursday, October 24th. Mizuho cut their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

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.