Blue Trust Inc. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX – Free Report) by 415.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,951 shares of the semiconductor company’s stock after acquiring an additional 12,053 shares during the quarter. Blue Trust Inc.’s holdings in Lam Research were worth $1,080,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in LRCX. Cypress Capital Group grew its holdings in Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after buying an additional 132 shares in the last quarter. Savvy Advisors Inc. grew its holdings in Lam Research by 58.3% in the 3rd quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 134 shares in the last quarter. West Oak Capital LLC grew its holdings in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares in the last quarter. Baldwin Investment Management LLC grew its holdings in Lam Research by 1.4% in the 3rd quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company’s stock valued at $8,364,000 after buying an additional 137 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its holdings in Lam Research by 10.1% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company’s stock valued at $1,272,000 after buying an additional 143 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.
Lam Research Price Performance
Shares of LRCX opened at $82.75 on Friday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The business has a 50-day simple moving average of $77.48 and a two-hundred day simple moving average of $77.99. 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 cap of $106.22 billion, a PE ratio of 25.14, a PEG ratio of 1.37 and a beta of 1.46.
Lam Research Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. Lam Research’s payout ratio is presently 27.95%.
Wall Street Analyst Weigh In
LRCX has been the topic of a number of research reports. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Barclays cut their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Morgan Stanley upped their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.
Check Out Our Latest Report on Lam Research
Lam Research Company Profile
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.
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