Catalyst Financial Partners LLC Boosts Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Catalyst Financial Partners LLC raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 861.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,423 shares of the semiconductor company’s stock after purchasing an additional 3,963 shares during the period. Catalyst Financial Partners LLC’s holdings in Lam Research were worth $319,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Lam Research by 2,400.0% in 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 in the last quarter. Insight Wealth Partners LLC purchased a new position in shares of Lam Research in the third quarter worth about $202,000. B&L Asset Management LLC purchased a new position in shares of Lam Research in the third quarter worth about $204,000. CWC Advisors LLC. purchased a new position in Lam Research during the third quarter valued at approximately $220,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Lam Research during the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.7 %

NASDAQ:LRCX opened at $82.75 on Friday. The company has a fifty day moving average of $77.35 and a 200 day moving average of $77.96. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $106.22 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 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%. On average, research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. Lam Research’s dividend payout ratio is currently 27.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LRCX shares. Stifel Nicolaus reaffirmed 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 raised shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. Wells Fargo & Company boosted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. B. Riley reduced their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Barclays dropped their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.