Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys New Holdings in Lam Research Co. (NASDAQ:LRCX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 620 shares of the semiconductor company’s stock, valued at approximately $47,000.

A number of other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in Lam Research in the fourth quarter valued at approximately $238,000. Kestra Private Wealth Services LLC increased its position in shares of Lam Research by 1,356.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 30,595 shares of the semiconductor company’s stock worth $2,210,000 after acquiring an additional 28,494 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Lam Research by 1,410.7% in the 4th quarter. Stephens Inc. AR now owns 6,194 shares of the semiconductor company’s stock valued at $447,000 after acquiring an additional 5,784 shares during the period. Visionary Horizons LLC acquired a new position in shares of Lam Research during the 4th quarter valued at $452,000. Finally, Quotient Wealth Partners LLC purchased a new stake in Lam Research during the 4th quarter worth $310,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent research reports. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $85.00 to $91.00 in a research note on Thursday, January 30th. Wells Fargo & Company boosted their price target 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. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $100.00 in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Price Performance

Shares of LRCX opened at $82.33 on Monday. 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 Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a fifty 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 P/E ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. On average, research analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

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 given 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 1.12%. Lam Research’s dividend payout ratio (DPR) is 27.96%.

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.