Lam Research Co. (NASDAQ:LRCX) Stock Holdings Raised by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC grew its stake in Lam Research Co. (NASDAQ:LRCX) by 815.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,014 shares of the semiconductor company’s stock after purchasing an additional 11,592 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Lam Research were worth $940,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Czech National Bank grew its position in shares of Lam Research by 6.6% in the 3rd quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock worth $21,674,000 after acquiring an additional 1,645 shares in the last quarter. Eldred Rock Partners LLC boosted its holdings in Lam Research by 4.3% in the third quarter. Eldred Rock Partners LLC now owns 15,370 shares of the semiconductor company’s stock worth $12,579,000 after purchasing an additional 630 shares during the period. Wright Investors Service Inc. increased its stake in Lam Research by 36.9% during the third quarter. Wright Investors Service Inc. now owns 1,906 shares of the semiconductor company’s stock valued at $1,555,000 after purchasing an additional 514 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Lam Research by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 55,776 shares of the semiconductor company’s stock worth $45,518,000 after purchasing an additional 765 shares during the period. Finally, McLean Asset Management Corp lifted its position in shares of Lam Research by 891.8% in the 3rd quarter. McLean Asset Management Corp now owns 4,820 shares of the semiconductor company’s stock worth $3,934,000 after buying an additional 4,334 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $81.05 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $76.05 and its two-hundred day moving average price is $78.95. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a market cap of $104.29 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is 27.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have 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. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday. B. Riley lowered their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.