Country Trust Bank Boosts Stock Position in Lam Research Co. (NASDAQ:LRCX)

Country Trust Bank boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 400 shares of the semiconductor company’s stock after purchasing an additional 360 shares during the period. Country Trust Bank’s holdings in Lam Research were worth $29,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LRCX. Quarry LP boosted its stake in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares in the last quarter. Advisory Alpha LLC purchased a new position in Lam Research in the 2nd quarter valued at approximately $256,000. Sunflower Bank N.A. acquired a new position in shares of Lam Research in the third quarter worth $202,000. Finally, Insight Wealth Partners LLC purchased a new stake in shares of Lam Research during the third quarter worth $202,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Up 7.4 %

Shares of LRCX stock opened at $80.73 on Friday. The firm’s 50-day simple moving average is $75.88 and its 200-day simple moving average is $78.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The firm has a market cap of $103.87 billion, a P/E ratio of 24.52, a PEG ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. As a group, equities analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Wells Fargo & Company lifted their price objective on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. 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 shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a report on Thursday. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Lam Research currently has an average 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.