Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Arlington Trust Co LLC

Arlington Trust Co LLC lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,644.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,390 shares of the semiconductor company’s stock after purchasing an additional 2,253 shares during the period. Arlington Trust Co LLC’s holdings in Lam Research were worth $173,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares in the last quarter. Sunflower Bank N.A. acquired a new stake in shares of Lam Research during the third quarter valued at approximately $202,000. Insight Wealth Partners LLC purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $202,000. B&L Asset Management LLC acquired a new position in Lam Research in the 3rd quarter worth approximately $204,000. Finally, CWC Advisors LLC. purchased a new position in Lam Research during the 3rd quarter worth approximately $220,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LRCX. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Barclays dropped their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, Morgan Stanley increased their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $82.33 on Monday. 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 business has a 50 day moving average price of $76.92 and a 200 day moving average price of $78.19. The company has a market cap of $105.68 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

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

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid 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 yield of 1.12%. Lam Research’s dividend payout ratio is 27.95%.

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.