Stonebridge Financial Group LLC Makes New Investment in Lam Research Co. (NASDAQ:LRCX)

Stonebridge Financial Group LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,673 shares of the semiconductor company’s stock, valued at approximately $193,000.

Other institutional investors have also recently made changes to their positions in the company. Core Alternative Capital lifted its position in Lam Research by 809.5% during the fourth quarter. Core Alternative Capital now owns 11,460 shares of the semiconductor company’s stock valued at $828,000 after purchasing an additional 10,200 shares during the period. Essex Financial Services Inc. purchased a new stake in Lam Research during the 4th quarter valued at $400,000. Violich Capital Management Inc. lifted its holdings in shares of Lam Research by 900.0% during the 4th quarter. Violich Capital Management Inc. now owns 100,000 shares of the semiconductor company’s stock valued at $7,223,000 after buying an additional 90,000 shares during the period. Paladin Wealth LLC boosted its stake in shares of Lam Research by 1,094.0% in the 4th quarter. Paladin Wealth LLC now owns 7,200 shares of the semiconductor company’s stock worth $520,000 after buying an additional 6,597 shares during the last quarter. Finally, Arlington Trust Co LLC grew its holdings in shares of Lam Research by 1,644.5% in the fourth quarter. Arlington Trust Co LLC now owns 2,390 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 2,253 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LRCX shares. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their target price for the company from $85.00 to $91.00 in a report 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. B. Riley cut 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 report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Mizuho dropped their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

LRCX stock opened at $83.26 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company’s fifty day moving average price is $77.03 and its 200-day moving average price is $78.01. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market capitalization of $106.88 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities analysts anticipate that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.95%.

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.