Hager Investment Management Services LLC Makes New $120,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Hager Investment Management Services LLC purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,660 shares of the semiconductor company’s stock, valued at approximately $120,000.

A number of other large investors also recently modified their holdings of LRCX. Van ECK Associates Corp increased its holdings 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 valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the period. Swedbank AB increased its holdings in shares of Lam Research by 1,488.8% during the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after purchasing an additional 2,875,843 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Lam Research during the fourth quarter valued at $175,652,000. KBC Group NV increased its holdings in shares of Lam Research by 904.7% during the fourth quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after purchasing an additional 1,234,595 shares during the period. Finally, abrdn plc grew its holdings in Lam Research by 836.1% during the fourth quarter. abrdn plc now owns 1,315,038 shares of the semiconductor company’s stock worth $94,729,000 after acquiring an additional 1,174,563 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 0.3 %

LRCX opened at $79.91 on Wednesday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The business has a 50-day moving average of $76.18 and a 200-day moving average of $78.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a market capitalization of $102.82 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts forecast that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on LRCX. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $100.00 in a report on Thursday, January 30th. Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

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.