Stephens Consulting LLC Has $31,000 Position in Lam Research Co. (NASDAQ:LRCX)

Stephens Consulting LLC lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 430 shares of the semiconductor company’s stock after acquiring an additional 387 shares during the quarter. Stephens Consulting LLC’s holdings in Lam Research were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares in the last quarter. Swedbank AB increased its holdings in Lam Research by 1,488.8% in the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after buying an additional 2,875,843 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Lam Research during the fourth quarter valued at approximately $175,652,000. KBC Group NV grew its position in Lam Research by 904.7% in the fourth quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock worth $99,031,000 after acquiring an additional 1,234,595 shares in the last quarter. Finally, abrdn plc increased its stake in shares of Lam Research by 836.1% during the 4th quarter. abrdn plc now owns 1,315,038 shares of the semiconductor company’s stock worth $94,729,000 after purchasing an additional 1,174,563 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Down 1.1 %

Shares of Lam Research stock opened at $80.19 on Tuesday. The company’s fifty day moving average price is $76.05 and its two-hundred day moving average price is $78.56. The firm has a market capitalization of $103.18 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, analysts expect that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s dividend payout ratio is presently 27.95%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LRCX shares. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. Wells Fargo & Company boosted 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. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley boosted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.