Joel Isaacson & Co. LLC Acquires 10,827 Shares of Lam Research Co. (NASDAQ:LRCX)

Joel Isaacson & Co. LLC grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,030 shares of the semiconductor company’s stock after acquiring an additional 10,827 shares during the period. Joel Isaacson & Co. LLC’s holdings in Lam Research were worth $869,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Atwood & Palmer Inc. bought a new position in Lam Research during the fourth quarter valued at about $27,000. West Oak Capital LLC lifted 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 worth $29,000 after purchasing an additional 135 shares during the last quarter. Country Trust Bank boosted its position in Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares during the period. Finley Financial LLC acquired a new position in Lam Research during the fourth quarter valued at approximately $30,000. Finally, Stephens Consulting LLC raised its position in shares of Lam Research by 900.0% in the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Down 0.6 %

NASDAQ LRCX opened at $82.33 on Friday. The stock’s 50 day simple moving average is $76.75 and its 200 day simple moving average is $78.29. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The firm has a market cap of $105.93 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.34 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.

Lam Research (NASDAQ:LRCX) last announced 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 return on equity of 51.86% and a net margin of 26.49%. As a group, sell-side analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. Lam Research’s payout ratio is 27.95%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LRCX shares. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday, January 30th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lam Research 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.