Field & Main Bank Purchases 2,116 Shares of Lam Research Co. (NASDAQ:LRCX)

Field & Main Bank increased its position in Lam Research Co. (NASDAQ:LRCX) by 801.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,380 shares of the semiconductor company’s stock after buying an additional 2,116 shares during the period. Field & Main Bank’s holdings in Lam Research were worth $172,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Strategic Blueprint LLC lifted its holdings in Lam Research by 1,129.9% in the 4th quarter. Strategic Blueprint LLC now owns 9,790 shares of the semiconductor company’s stock worth $707,000 after purchasing an additional 8,994 shares in the last quarter. Forsta AP Fonden purchased a new position in shares of Lam Research in the fourth quarter worth $29,759,000. Foster Victor Wealth Advisors LLC boosted its position in shares of Lam Research by 5.1% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 244,891 shares of the semiconductor company’s stock worth $17,688,000 after acquiring an additional 11,990 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Lam Research by 779.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company’s stock valued at $68,130,000 after acquiring an additional 836,044 shares in the last quarter. Finally, Asset Dedication LLC increased its holdings in Lam Research by 900.0% in the 4th quarter. Asset Dedication LLC now owns 2,790 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 2,511 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 0.9 %

LRCX stock opened at $75.16 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a fifty day moving average price of $75.62 and a 200 day moving average price of $79.15. The company has a market cap of $96.70 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. Lam Research’s payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research analyst reports. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Wells Fargo & Company reduced their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Sanford C. Bernstein dropped their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

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.