Strengthening Families & Communities LLC Sells 1,335 Shares of Lam Research Co. (NASDAQ:LRCX)

Strengthening Families & Communities LLC lessened its position in Lam Research Co. (NASDAQ:LRCX) by 71.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 536 shares of the semiconductor company’s stock after selling 1,335 shares during the period. Strengthening Families & Communities LLC’s holdings in Lam Research were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of LRCX. Van ECK Associates Corp increased its holdings 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 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 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after purchasing an additional 2,875,843 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Lam Research by 827.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock worth $228,285,000 after purchasing an additional 2,819,668 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Lam Research during the 4th quarter worth about $175,652,000. Finally, KBC Group NV increased its holdings in shares of Lam Research by 904.7% during the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock worth $99,031,000 after purchasing an additional 1,234,595 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock opened at $83.73 on Tuesday. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm’s 50 day moving average is $76.92 and its 200-day moving average is $78.06. The firm has a market capitalization of $107.48 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.37 and a beta of 1.46. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

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

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is 27.95%.

Analyst Ratings Changes

LRCX has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and upped their target price for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

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.