KG&L Capital Management LLC Boosts Position in Lam Research Co. (NASDAQ:LRCX)

KG&L Capital Management LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 3,755.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,163 shares of the semiconductor company’s stock after purchasing an additional 36,199 shares during the period. Lam Research comprises approximately 0.9% of KG&L Capital Management LLC’s holdings, making the stock its 28th biggest holding. KG&L Capital Management LLC’s holdings in Lam Research were worth $2,684,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LRCX. Atwood & Palmer Inc. bought a new position in Lam Research in the 4th quarter worth about $27,000. West Oak Capital LLC grew its holdings in shares of Lam Research by 50.9% during the fourth 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 increased its position in shares of Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Finley Financial LLC purchased a new stake in Lam Research in the fourth quarter valued at approximately $30,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in Lam Research by 159.1% in 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. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 0.4 %

NASDAQ LRCX opened at $81.05 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a market cap 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 stock has a 50 day simple moving average of $76.05 and a two-hundred day simple moving average of $78.95.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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%. On average, analysts forecast 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. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Lam Research in a report on Thursday. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. B. Riley dropped their target price 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. Finally, StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $95.72.

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.