Lam Research Co. (NASDAQ:LRCX) Position Increased by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 875.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,538,109 shares of the semiconductor company’s stock after purchasing an additional 2,277,989 shares during the period. Rhumbline Advisers owned 0.20% of Lam Research worth $183,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Creative Planning lifted its stake in Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock valued at $38,664,000 after acquiring an additional 1,146 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Lam Research by 469.4% in the 3rd quarter. Asset Dedication LLC now owns 279 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 230 shares during the last quarter. Trust Co. of Vermont boosted its holdings in Lam Research by 5.2% in the third quarter. Trust Co. of Vermont now owns 3,917 shares of the semiconductor company’s stock worth $3,197,000 after purchasing an additional 195 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Lam Research by 2.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,698 shares of the semiconductor company’s stock worth $11,179,000 after purchasing an additional 265 shares in the last quarter. Finally, Kozak & Associates Inc. increased its position in Lam Research by 903.8% during the third quarter. Kozak & Associates Inc. now owns 3,403 shares of the semiconductor company’s stock worth $2,777,000 after buying an additional 3,064 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Down 0.7 %

Shares of Lam Research stock opened at $82.75 on Friday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market capitalization of $106.22 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company’s fifty day moving average price is $77.35 and its two-hundred day moving average price is $77.96.

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

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Ratings Changes

Several analysts have recently issued reports on LRCX shares. Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Mizuho decreased their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group lowered their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley raised their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.