Farmers & Merchants Investments Inc. Purchases 18,322 Shares of Lam Research Co. (NASDAQ:LRCX)

Farmers & Merchants Investments Inc. raised its position in shares of Lam Research Co. (NASDAQ:LRCX) by 903.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,350 shares of the semiconductor company’s stock after purchasing an additional 18,322 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Lam Research were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its holdings in Lam Research by 878.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 44,497 shares of the semiconductor company’s stock valued at $3,214,000 after purchasing an additional 39,950 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Lam Research by 955.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 56,282 shares of the semiconductor company’s stock worth $4,065,000 after acquiring an additional 50,949 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Lam Research by 611.2% in the fourth quarter. Apollon Wealth Management LLC now owns 23,177 shares of the semiconductor company’s stock worth $1,674,000 after acquiring an additional 19,918 shares during the period. Byrne Asset Management LLC boosted its holdings in shares of Lam Research by 856.9% in the fourth quarter. Byrne Asset Management LLC now owns 1,110 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 994 shares during the period. Finally, MWA Asset Management boosted its holdings in shares of Lam Research by 944.6% in the fourth quarter. MWA Asset Management now owns 17,821 shares of the semiconductor company’s stock worth $1,287,000 after acquiring an additional 16,115 shares during the period. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $100.00 in a report on Thursday, January 30th. Mizuho cut their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Morgan Stanley increased 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. Finally, Wells Fargo & Company increased their price objective on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Down 0.6 %

NASDAQ LRCX opened at $82.33 on Friday. 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 stock has a market capitalization of $105.68 billion, a PE ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The business’s 50-day moving average is $76.92 and its 200 day moving average is $78.32.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Sell-side analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.12%. Lam Research’s payout ratio is 27.95%.

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.