OLD National Bancorp IN Buys 7,884 Shares of Lam Research Co. (NASDAQ:LRCX)

OLD National Bancorp IN grew its stake in Lam Research Co. (NASDAQ:LRCX) by 824.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,840 shares of the semiconductor company’s stock after purchasing an additional 7,884 shares during the quarter. OLD National Bancorp IN’s holdings in Lam Research were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LRCX. Atwood & Palmer Inc. purchased a new position in Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC grew its position in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Finley Financial LLC purchased a new stake in Lam Research in the 4th quarter valued at about $30,000. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after buying an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Lam Research in the 4th quarter worth approximately $37,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LRCX. B. Riley decreased their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and increased their price target for the company from $95.00 to $100.00 in a research report on Thursday. The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Barclays reduced their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Up 0.4 %

LRCX opened at $81.05 on Friday. 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 one year low of $68.87 and a one year high of $113.00. The firm has a market capitalization of $104.29 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. The company has a fifty day moving average price of $75.88 and a 200-day moving average price of $78.94.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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%. Equities research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.14%. Lam Research’s payout ratio is presently 27.96%.

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.