Winch Advisory Services LLC Has $230,000 Position in Lam Research Co. (NASDAQ:LRCX)

Winch Advisory Services LLC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 1,192.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,180 shares of the semiconductor company’s stock after buying an additional 2,934 shares during the quarter. Winch Advisory Services LLC’s holdings in Lam Research were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Lam Research by 1,394.7% in the third 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. Assenagon Asset Management S.A. bought a new stake in Lam Research during the 4th quarter worth about $175,652,000. Neville Rodie & Shaw Inc. boosted its stake in shares of Lam Research by 886.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after buying an additional 314,349 shares during the last quarter. Czech National Bank grew its holdings in shares of Lam Research by 950.4% in the 4th quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock valued at $20,151,000 after acquiring an additional 252,420 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Lam Research by 215.4% in the third quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after acquiring an additional 233,500 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Sanford C. Bernstein lowered their price target on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, November 29th. Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Mizuho dropped their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.59.

Lam Research Price Performance

NASDAQ:LRCX opened at $76.15 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market cap of $97.98 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.37 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. The firm’s 50-day simple moving average is $74.70 and its 200 day simple moving average is $81.22.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the business earned $6.85 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, sell-side analysts predict 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

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.