Emerald Advisers Inc. PA bought a new position in shares of Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,659 shares of the semiconductor company’s stock, valued at approximately $489,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Sii Investments Inc. WI boosted its holdings in Lam Research by 6.0% in the 3rd quarter. Sii Investments Inc. WI now owns 4,654 shares of the semiconductor company’s stock valued at $858,000 after purchasing an additional 262 shares during the last quarter. Krilogy Financial LLC lifted its holdings in shares of Lam Research by 91.6% in the 3rd quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 263 shares during the last quarter. Investec Asset Management PTY Ltd lifted its holdings in shares of Lam Research by 3.4% in the 3rd quarter. Investec Asset Management PTY Ltd now owns 8,103 shares of the semiconductor company’s stock worth $1,475,000 after acquiring an additional 265 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Lam Research by 1.6% in the 3rd quarter. Amalgamated Bank now owns 19,460 shares of the semiconductor company’s stock worth $3,601,000 after acquiring an additional 298 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Lam Research by 31.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,250 shares of the semiconductor company’s stock worth $231,000 after buying an additional 300 shares in the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.
LRCX has been the topic of a number of research reports. Deutsche Bank increased their target price on shares of Lam Research to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. KeyCorp reaffirmed a “buy” rating and issued a $225.00 target price on shares of Lam Research in a research report on Sunday, November 19th. UBS Group raised shares of Lam Research from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus increased their price target on shares of Lam Research from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $232.41.
Shares of Lam Research Co. (LRCX) traded up $2.20 during mid-day trading on Friday, reaching $187.91. 4,331,609 shares of the company’s stock were exchanged, compared to its average volume of 4,140,000. Lam Research Co. has a 1 year low of $113.20 and a 1 year high of $219.70. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $30,980.00, a PE ratio of 64.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47.
Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.66. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the company posted $2.24 earnings per share. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. research analysts anticipate that Lam Research Co. will post 16.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. Lam Research’s dividend payout ratio (DPR) is presently 68.26%.
Lam Research declared that its board has approved a stock repurchase program on Tuesday, November 14th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In other Lam Research news, VP Patrick J. Lord sold 264 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $216.08, for a total transaction of $57,045.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Seshasayee Varadarajan sold 25,453 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $215.00, for a total transaction of $5,472,395.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,767 shares of company stock valued at $5,540,141. Insiders own 0.41% of the company’s stock.
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Lam Research Company Profile
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
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