Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Perkins Coie Trust Co

Perkins Coie Trust Co boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 790 shares of the semiconductor company’s stock after buying an additional 711 shares during the quarter. Perkins Coie Trust Co’s holdings in Lam Research were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its stake in Lam Research by 8.0% in the 2nd quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company’s stock worth $6,128,000 after purchasing an additional 426 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Lam Research during the second quarter worth $228,000. Intech Investment Management LLC grew its holdings in shares of Lam Research by 3.1% during the second quarter. Intech Investment Management LLC now owns 12,150 shares of the semiconductor company’s stock valued at $12,938,000 after buying an additional 371 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Lam Research by 16.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,089 shares of the semiconductor company’s stock valued at $9,678,000 after acquiring an additional 1,259 shares during the period. Finally, Benjamin Edwards Inc. raised 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 worth $341,000 after acquiring an additional 17 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LRCX. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Trading Up 1.4 %

Shares of LRCX stock opened at $80.30 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The stock has a 50 day simple moving average of $74.73 and a 200-day simple moving average of $80.99.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the business posted $6.85 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities research analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

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.