Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 346.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,680 shares of the semiconductor company’s stock after buying an additional 9,838 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Lam Research were worth $916,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LRCX. Van ECK Associates Corp grew its position in shares of 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 during the last quarter. State Street Corp grew its position in Lam Research by 1.6% during the 3rd quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock worth $4,817,113,000 after purchasing an additional 94,086 shares during the last quarter. Geode Capital Management LLC increased its stake in Lam Research by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock valued at $2,539,413,000 after purchasing an additional 64,053 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Lam Research in the fourth quarter valued at about $175,652,000. Finally, Fisher Asset Management LLC boosted its stake in shares of Lam Research by 0.6% during the third quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock worth $1,527,273,000 after buying an additional 11,093 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 1.4 %

LRCX opened at $80.30 on Tuesday. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm has a 50 day moving average price of $74.81 and a 200 day moving average price of $80.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The company has a market cap of $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $6.85 earnings per share. Sell-side analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s dividend payout ratio is presently 29.74%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LRCX. Wells Fargo & Company dropped their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Sanford C. Bernstein decreased their price target on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley boosted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.77.

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.