Franklin Street Advisors Inc. NC Has $220,000 Stake in Lam Research Co. (NASDAQ:LRCX)

Franklin Street Advisors Inc. NC increased its position in Lam Research Co. (NASDAQ:LRCX) by 810.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,050 shares of the semiconductor company’s stock after buying an additional 2,715 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Lam Research were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. boosted its holdings in Lam Research by 2.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 624 shares of the semiconductor company’s stock worth $664,000 after purchasing an additional 14 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in Lam Research by 2.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 682 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 16 shares during the last quarter. Gabelli Funds LLC boosted its position in Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 16 shares during the period. Benjamin Edwards Inc. grew its stake in Lam Research by 5.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 17 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 3.3 %

LRCX stock traded down $2.58 during trading on Friday, hitting $74.46. The company had a trading volume of 3,253,865 shares, compared to its average volume of 9,143,671. The stock has a market cap of $95.81 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.22 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $74.72 and a 200-day moving average price of $82.01. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the company posted $6.85 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. As a group, analysts predict that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is currently 29.77%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LRCX shares. Sanford C. Bernstein dropped their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, November 29th. UBS Group decreased their price objective on Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Wells Fargo & Company decreased their target price on shares of Lam Research from $85.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $96.91.

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.