Lam Research Co. (NASDAQ:LRCX) Shares Bought by Empirical Finance LLC

Empirical Finance LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 888.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,718 shares of the semiconductor company’s stock after purchasing an additional 41,091 shares during the quarter. Empirical Finance LLC’s holdings in Lam Research were worth $3,302,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Lam Research by 1,140.5% during the fourth quarter. Empowered Funds LLC now owns 169,639 shares of the semiconductor company’s stock valued at $12,253,000 after acquiring an additional 155,964 shares during the period. Advisory Resource Group lifted its position in Lam Research by 898.5% in the fourth quarter. Advisory Resource Group now owns 6,540 shares of the semiconductor company’s stock worth $472,000 after purchasing an additional 5,885 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Lam Research by 903.5% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 20,350 shares of the semiconductor company’s stock valued at $1,470,000 after purchasing an additional 18,322 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Lam Research by 878.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 44,497 shares of the semiconductor company’s stock worth $3,214,000 after buying an additional 39,950 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Lam Research by 955.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 56,282 shares of the semiconductor company’s stock valued at $4,065,000 after buying an additional 50,949 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Down 0.6 %

Shares of Lam Research stock opened at $82.33 on Friday. The stock has a 50 day moving average price of $76.92 and a two-hundred day moving average price of $78.32. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $105.68 billion, a P/E ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (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 51.86%. Equities analysts expect that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.12%. Lam Research’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Barclays decreased their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group decreased their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.