New England Research & Management Inc. Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

New England Research & Management Inc. grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 832.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,250 shares of the semiconductor company’s stock after acquiring an additional 15,400 shares during the period. New England Research & Management Inc.’s holdings in Lam Research were worth $1,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH boosted its holdings in shares of Lam Research by 2.4% during the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock valued at $1,693,000 after acquiring an additional 49 shares during the period. Quarry LP grew its holdings in Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 56 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of Lam Research by 20.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 412 shares of the semiconductor company’s stock worth $439,000 after purchasing an additional 70 shares in the last quarter. American National Bank & Trust raised its position in shares of Lam Research by 34.0% during the third quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 73 shares during the period. Finally, Cypress Capital Group lifted its stake in Lam Research by 3.7% during the third quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after buying an additional 132 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 0.9 %

Shares of NASDAQ:LRCX opened at $75.15 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The stock has a market capitalization of $96.69 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The stock’s 50-day moving average price is $75.62 and its 200-day moving average price is $79.15.

Lam Research (NASDAQ:LRCX) last released its 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 return on equity of 50.60% and a net margin of 26.02%. On average, equities analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is presently 29.74%.

Analyst Ratings Changes

A number of brokerages recently commented on LRCX. KeyCorp raised 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 research report on Friday, January 17th. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Finally, Barclays dropped their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $95.77.

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.