Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Ignite Planners LLC

Ignite Planners LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 829.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,915 shares of the semiconductor company’s stock after buying an additional 3,494 shares during the period. Ignite Planners LLC’s holdings in Lam Research were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Oak Capital LLC boosted its holdings in Lam Research by 900.0% in the 4th quarter. West Oak Capital LLC now owns 2,650 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 2,385 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Lam Research by 900.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 558 shares during the last quarter. Global Financial Private Client LLC acquired a new position in Lam Research in the 4th quarter valued at about $670,000. Signal Advisors Wealth LLC boosted its holdings in Lam Research by 975.1% in the 4th 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 last quarter. Finally, Tealwood Asset Management Inc. boosted its holdings in Lam Research by 903.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 17,792 shares of the semiconductor company’s stock valued at $1,285,000 after purchasing an additional 16,019 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX opened at $75.06 on Wednesday. The company has a 50-day simple moving average of $74.70 and a 200-day simple moving average of $81.22. 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 company has a market capitalization of $96.58 billion, a PE ratio of 24.26, a P/E/G 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 posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the firm posted $6.85 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Equities research analysts predict that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.23%. Lam Research’s dividend payout ratio (DPR) is currently 29.77%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. B. Riley decreased 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. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Sanford C. Bernstein reduced their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

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.