Sivia Capital Partners LLC Invests $215,000 in Lam Research Co. (NASDAQ:LRCX)

Sivia Capital Partners LLC acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,982 shares of the semiconductor company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently added to or reduced their stakes in LRCX. Van ECK Associates Corp boosted its stake in shares of Lam Research by 1,394.7% during the 3rd 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 in the last quarter. Neville Rodie & Shaw Inc. grew its stake in Lam Research by 886.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock valued at $25,266,000 after acquiring an additional 314,349 shares during the last quarter. Czech National Bank raised its position in Lam Research by 950.4% during the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock worth $20,151,000 after acquiring an additional 252,420 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Lam Research by 215.4% in the third quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after purchasing an additional 233,500 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its stake in shares of Lam Research by 994.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock worth $190,066,000 after purchasing an additional 211,614 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LRCX. Sanford C. Bernstein dropped their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. B. Riley lowered their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Mizuho reduced their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus restated a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.59.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $0.39 during mid-day trading on Monday, hitting $74.26. The company had a trading volume of 4,864,729 shares, compared to its average volume of 9,773,547. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm’s 50 day simple moving average is $74.72 and its two-hundred day simple moving average is $81.65. The stock has a market cap of $95.55 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) 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 analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. Lam Research’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.85 EPS. As a group, equities research analysts forecast that Lam Research Co. will post 3.5 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 issued a $0.23 dividend. 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.