Brentview Investment Management LLC Invests $3.41 Million in Lam Research Co. (NASDAQ:LRCX)

Brentview Investment Management LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, HoldingsChannel.com reports. The firm bought 47,235 shares of the semiconductor company’s stock, valued at approximately $3,412,000. Lam Research makes up 1.9% of Brentview Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding.

Other large investors also recently made changes to their positions in the company. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research in the 4th quarter valued at about $27,000. West Oak Capital LLC grew its stake in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the period. Country Trust Bank boosted its stake in Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 360 shares during the last quarter. Finley Financial LLC acquired a new position in Lam Research during the 4th quarter valued at about $30,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in 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. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 0.4 %

NASDAQ:LRCX opened at $81.05 on Monday. The firm’s 50 day moving average is $76.05 and its 200 day moving average is $78.76. 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. The stock 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.

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

Lam Research Announces Dividend

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 of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%. Lam Research’s payout ratio is 27.95%.

Analyst Ratings Changes

A number of research firms have issued reports on LRCX. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday. B. Riley cut their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Finally, Mizuho cut their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.