General Partner Inc. Has $126,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

General Partner Inc. grew its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,740 shares of the semiconductor company’s stock after purchasing an additional 1,566 shares during the period. General Partner Inc.’s holdings in Lam Research were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in Lam Research in the 4th quarter worth about $59,000. NRI Wealth Management LC acquired a new stake in shares of Lam Research during the 4th quarter worth $1,509,000. GAMMA Investing LLC increased its position in shares of Lam Research by 1,139.5% in the fourth quarter. GAMMA Investing LLC now owns 24,195 shares of the semiconductor company’s stock worth $1,748,000 after purchasing an additional 22,243 shares during the period. Versant Capital Management Inc acquired a new position in Lam Research in the fourth quarter valued at about $159,000. Finally, Legacy Wealth Management LLC MS bought a new stake in Lam Research during the third quarter worth about $513,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.7 %

Shares of NASDAQ:LRCX traded up $1.25 during mid-day trading on Friday, reaching $73.69. 1,146,743 shares of the company’s stock were exchanged, compared to its average volume of 4,484,746. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a market capitalization of $94.82 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.22 and a beta of 1.45. The business’s fifty day moving average price is $74.67 and its 200-day moving average price is $83.07.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.85 EPS. On average, research analysts predict that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.77%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LRCX. B. Riley dropped their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Sanford C. Bernstein lowered their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. UBS Group lowered their price target on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Wells Fargo & Company dropped their price objective on Lam Research from $85.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.24.

Lam Research 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.