Caprock Group LLC Has $2.79 Million Position in Lam Research Co. (NASDAQ:LRCX)

Caprock Group LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 1,061.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,526 shares of the semiconductor company’s stock after acquiring an additional 35,209 shares during the period. Caprock Group LLC’s holdings in Lam Research were worth $2,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LRCX. Czech National Bank increased its holdings in shares of Lam Research by 6.6% in the third quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock worth $21,674,000 after acquiring an additional 1,645 shares in the last quarter. Eldred Rock Partners LLC increased its stake in Lam Research by 4.3% during the 3rd quarter. Eldred Rock Partners LLC now owns 15,370 shares of the semiconductor company’s stock worth $12,579,000 after purchasing an additional 630 shares in the last quarter. Wright Investors Service Inc. raised its holdings in Lam Research by 36.9% during the 3rd quarter. Wright Investors Service Inc. now owns 1,906 shares of the semiconductor company’s stock worth $1,555,000 after buying an additional 514 shares during the period. Handelsbanken Fonder AB lifted its stake in Lam Research by 1.4% in the third quarter. Handelsbanken Fonder AB now owns 55,776 shares of the semiconductor company’s stock valued at $45,518,000 after buying an additional 765 shares in the last quarter. Finally, McLean Asset Management Corp boosted its holdings in shares of Lam Research by 891.8% in the third quarter. McLean Asset Management Corp now owns 4,820 shares of the semiconductor company’s stock valued at $3,934,000 after buying an additional 4,334 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $81.05 on Friday. The company has a market cap of $104.29 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.38 and a beta of 1.45. The firm’s fifty day moving average price is $76.05 and its two-hundred day moving average price is $78.95. Lam Research Co. has a one year low of $68.87 and a one year 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.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. Equities analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

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 annualized dividend and a yield of 1.14%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Morgan Stanley upped their price objective 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. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $85.00 to $91.00 in a research report on Thursday. Finally, KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.72.

About Lam Research

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.