770 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by S.A. Mason LLC

S.A. Mason LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 770 shares of the semiconductor company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. Atwood & Palmer Inc. bought a new stake in shares of Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC raised its position in 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 purchasing an additional 135 shares in the last quarter. Country Trust Bank lifted its stake in Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Finley Financial LLC purchased a new position in shares of Lam Research in the 4th quarter worth about $30,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 0.4 %

Shares of NASDAQ LRCX opened at $81.05 on Monday. The firm has a fifty day simple moving average of $76.05 and a two-hundred day simple moving average of $78.76. The firm has a market capitalization of $104.29 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities analysts expect that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid 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 1.14%. Lam Research’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $85.00 to $91.00 in a research report on Thursday. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $100.00 in a report on Thursday. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.