Lam Research Co. (NASDAQ:LRCX) Holdings Increased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 864.6% during the fourth quarter, Holdings Channel reports. The firm owned 30,906 shares of the semiconductor company’s stock after purchasing an additional 27,702 shares during the period. CHICAGO TRUST Co NA’s holdings in Lam Research were worth $2,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. West Oak Capital LLC raised its holdings in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares during the period. Fortitude Family Office LLC increased its stake in Lam Research by 896.7% in the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 538 shares during the period. Highline Wealth Partners LLC increased its stake in Lam Research by 879.7% in the 4th quarter. Highline Wealth Partners LLC now owns 676 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 607 shares during the period. Rise Advisors LLC acquired a new position in Lam Research in the 4th quarter valued at approximately $54,000. Finally, Modus Advisors LLC acquired a new position in Lam Research in the 4th quarter valued at approximately $59,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. B. Riley reduced their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.59.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded down $0.74 on Monday, hitting $73.91. The company had a trading volume of 2,570,558 shares, compared to its average volume of 9,443,144. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock has a market cap of $95.10 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.22 and a beta of 1.45. The stock has a 50 day moving average price of $74.72 and a 200 day moving average price of $81.65. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the company earned $6.85 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Analysts expect that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Dividend Announcement

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

About Lam Research

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.