Veracity Capital LLC Invests $333,000 in Lam Research Co. (NASDAQ:LRCX)

Veracity Capital LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,612 shares of the semiconductor company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 56 shares in the last quarter. NCP Inc. acquired a new position in Lam Research in the 2nd quarter valued at about $213,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Lam Research during the second quarter worth about $256,000. Finally, Silver Lake Advisory LLC purchased a new position in shares of Lam Research in the second quarter valued at approximately $261,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 2.4 %

LRCX opened at $81.23 on Friday. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock has a market capitalization of $104.52 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. The business’s 50-day simple moving average is $75.11 and its 200-day simple moving average is $80.06.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.85 earnings per share. Analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research’s dividend payout ratio (DPR) is 29.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note 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 research report on Monday, January 13th. Finally, The Goldman Sachs Group lowered their price objective on 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 equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.