Lam Research Co. (NASDAQ:LRCX) Shares Bought by Manchester Capital Management LLC

Manchester Capital Management LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 1,000.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,623 shares of the semiconductor company’s stock after buying an additional 5,112 shares during the period. Manchester Capital Management LLC’s holdings in Lam Research were worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of LRCX. Atwood & Palmer Inc. purchased a new position in Lam Research in the 4th quarter worth approximately $27,000. West Oak Capital LLC lifted its stake 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. Country Trust Bank lifted its stake in Lam Research by 900.0% in the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Finley Financial LLC purchased a new position in Lam Research in the 4th quarter worth approximately $30,000. Finally, Stephens Consulting LLC lifted its stake in Lam Research by 900.0% in the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 387 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $100.00 in a research report on Thursday, January 30th. Barclays reduced their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, B. Riley cut their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Price Performance

Shares of LRCX opened at $82.75 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock has a market cap of $106.22 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The firm has a fifty day moving average price of $77.35 and a 200 day moving average price of $77.96.

Lam Research (NASDAQ:LRCX) last announced 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 net margin of 26.49% and a return on equity of 51.86%. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Lam Research’s payout ratio is 27.95%.

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.