SignalPoint Asset Management LLC Grows Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

SignalPoint Asset Management LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 1,104.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,313 shares of the semiconductor company’s stock after purchasing an additional 4,872 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Lam Research were worth $384,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Lam Research during the 4th quarter valued at about $175,652,000. Neville Rodie & Shaw Inc. boosted its stake in shares of Lam Research by 886.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock valued at $25,266,000 after purchasing an additional 314,349 shares in the last quarter. Czech National Bank boosted its stake in shares of Lam Research by 950.4% during the 4th quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock valued at $20,151,000 after purchasing an additional 252,420 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Lam Research by 215.4% during the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after purchasing an additional 233,500 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. B. Riley dropped their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Finally, 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. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.59.

Lam Research Stock Up 1.5 %

LRCX opened at $76.15 on Thursday. 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 $74.70 and a 200-day moving average price of $81.22. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The stock has a market capitalization of $97.98 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.37 and a beta of 1.45.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. Lam Research’s dividend payout ratio is currently 29.74%.

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.