West Oak Capital LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

West Oak Capital LLC raised its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,650 shares of the semiconductor company’s stock after purchasing an additional 2,385 shares during the quarter. West Oak Capital LLC’s holdings in Lam Research were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rosenberg Matthew Hamilton lifted its position in Lam Research by 900.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 558 shares in the last quarter. Global Financial Private Client LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at approximately $670,000. Signal Advisors Wealth LLC raised its stake in shares of Lam Research by 975.1% during the fourth quarter. Signal Advisors Wealth LLC now owns 16,256 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 14,744 shares during the period. Tealwood Asset Management Inc. lifted its position in shares of Lam Research by 903.5% during the fourth quarter. Tealwood Asset Management Inc. now owns 17,792 shares of the semiconductor company’s stock worth $1,285,000 after purchasing an additional 16,019 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new position in shares of Lam Research in the fourth quarter valued at $469,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $74.45 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $74.72 and a two-hundred day moving average of $81.43. The company has a market cap of $95.79 billion, a P/E ratio of 24.06, a PEG ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned $6.85 EPS. As a group, analysts anticipate that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.24%. Lam Research’s dividend payout ratio is presently 29.77%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. Citigroup dropped their price target on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research note on Monday, September 16th. Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Finally, StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.59.

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.