Financial Management Professionals Inc. Acquires 5,140 Shares of Lam Research Co. (NASDAQ:LRCX)

Financial Management Professionals Inc. increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,021.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,643 shares of the semiconductor company’s stock after buying an additional 5,140 shares during the quarter. Financial Management Professionals Inc.’s holdings in Lam Research were worth $408,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LRCX. Van ECK Associates Corp increased its position in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after purchasing an additional 15,005,178 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Lam Research during the 4th quarter valued at $175,652,000. Neville Rodie & Shaw Inc. increased its holdings in Lam Research by 886.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock worth $25,266,000 after purchasing an additional 314,349 shares in the last quarter. Czech National Bank raised its position in Lam Research by 950.4% in the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock valued at $20,151,000 after purchasing an additional 252,420 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Lam Research by 215.4% during the third quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after purchasing an additional 233,500 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 1.4 %

LRCX stock opened at $80.30 on Friday. The stock’s 50 day simple moving average is $74.73 and its 200 day simple moving average is $80.99. The company has a market cap of $103.32 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $6.85 earnings per share. On average, research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research’s payout ratio is 29.74%.

Analyst Ratings Changes

Several research firms have recently issued reports on LRCX. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Wells Fargo & Company cut their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.77.

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.