Asset Dedication LLC Buys 2,511 Shares of Lam Research Co. (NASDAQ:LRCX)

Asset Dedication LLC raised its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,790 shares of the semiconductor company’s stock after buying an additional 2,511 shares during the period. Asset Dedication LLC’s holdings in Lam Research were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Trust Co. of Toledo NA OH lifted its position in shares of Lam Research by 2.4% in the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock valued at $1,693,000 after acquiring an additional 49 shares in the last quarter. Quarry LP raised its stake in Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in Lam Research by 20.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 412 shares of the semiconductor company’s stock worth $439,000 after purchasing an additional 70 shares in the last quarter. American National Bank & Trust boosted its stake in Lam Research by 34.0% in the 3rd quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 73 shares during the period. Finally, Cypress Capital Group grew its holdings in Lam Research by 3.7% during the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LRCX shares. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group dropped their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, January 17th. B. Riley dropped their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein dropped their target price 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. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Stock Up 0.9 %

Shares of Lam Research stock opened at $75.15 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The company has a market cap of $96.69 billion, a P/E ratio of 24.29, a PEG ratio of 1.53 and a beta of 1.45. The firm’s 50 day moving average price is $75.62 and its 200-day moving average price is $79.15. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. On average, sell-side analysts predict that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

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.