KG&L Capital Management LLC Has $2.68 Million Stock Position in Lam Research Co. (NASDAQ:LRCX)

KG&L Capital Management LLC raised its position in shares of Lam Research Co. (NASDAQ:LRCX) by 3,755.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,163 shares of the semiconductor company’s stock after purchasing an additional 36,199 shares during the quarter. Lam Research makes up approximately 0.9% of KG&L Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. KG&L Capital Management LLC’s holdings in Lam Research were worth $2,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. Atwood & Palmer Inc. bought a new stake in Lam Research in the fourth quarter worth approximately $27,000. West Oak Capital LLC increased its stake in shares of 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 acquiring an additional 135 shares in the last quarter. Country Trust Bank lifted its position in shares of Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 360 shares during the period. Finley Financial LLC bought a new position in Lam Research during the fourth quarter worth $30,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $81.05 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm has a market cap of $104.29 billion, a PE ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The stock’s fifty day moving average price is $76.05 and its two-hundred day moving average price is $78.95.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. On average, equities research analysts forecast that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LRCX. Wells Fargo & Company increased their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $91.00 in a research note on Thursday. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $100.00 in a research note on Thursday. Finally, Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Lam Research currently has a consensus 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.