Empirical Finance LLC Purchases 41,091 Shares of Lam Research Co. (NASDAQ:LRCX)

Empirical Finance LLC boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 888.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,718 shares of the semiconductor company’s stock after buying an additional 41,091 shares during the quarter. Empirical Finance LLC’s holdings in Lam Research were worth $3,302,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LRCX. CWM LLC lifted its holdings in Lam Research by 7.3% in the third quarter. CWM LLC now owns 4,857 shares of the semiconductor company’s stock valued at $3,964,000 after buying an additional 332 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Lam Research by 37.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,865 shares of the semiconductor company’s stock valued at $6,418,000 after acquiring an additional 2,150 shares during the last quarter. Peak Financial Advisors LLC boosted its position in shares of Lam Research by 20.6% in the 3rd quarter. Peak Financial Advisors LLC now owns 3,587 shares of the semiconductor company’s stock worth $2,927,000 after purchasing an additional 613 shares during the last quarter. Mechanics Bank Trust Department boosted its position in shares of Lam Research by 36.5% in the 3rd quarter. Mechanics Bank Trust Department now owns 1,588 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 425 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Lam Research by 30.1% during the third quarter. Exchange Traded Concepts LLC now owns 5,209 shares of the semiconductor company’s stock worth $4,251,000 after purchasing an additional 1,204 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company raised their target price on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. B. Riley cut their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. The Goldman Sachs Group decreased their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Down 0.6 %

Shares of LRCX stock opened at $82.33 on Friday. The firm’s fifty day moving average price is $76.92 and its two-hundred day moving average price is $78.32. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $105.68 billion, a P/E ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, equities analysts predict 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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is currently 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.