Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 923.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 901 shares of the semiconductor company’s stock after buying an additional 813 shares during the period. Raleigh Capital Management Inc.’s holdings in Lam Research were worth $65,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LRCX. Gabelli Funds LLC boosted its position in Lam Research by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 16 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Lam Research by 76.3% during the second quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after purchasing an additional 2,159 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Lam Research by 2.6% in the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after buying an additional 23 shares during the period. Fred Alger Management LLC grew its stake in shares of Lam Research by 4.4% in the second quarter. Fred Alger Management LLC now owns 6,413 shares of the semiconductor company’s stock valued at $6,829,000 after buying an additional 269 shares in the last quarter. Finally, AXA S.A. raised its holdings in shares of Lam Research by 13.9% during the 2nd quarter. AXA S.A. now owns 42,230 shares of the semiconductor company’s stock valued at $44,969,000 after buying an additional 5,155 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LRCX. B. Riley lowered their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Morgan Stanley raised their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Stock Performance

Shares of LRCX opened at $81.23 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The business’s fifty day moving average price is $75.11 and its 200 day moving average price is $80.06. The stock has a market capitalization of $104.52 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.85 EPS. Equities research analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. Lam Research’s payout ratio is currently 29.77%.

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.