Braun Stacey Associates Inc. Grows Stake in Lam Research Co. (NASDAQ:LRCX)

Braun Stacey Associates Inc. increased its stake in Lam Research Co. (NASDAQ:LRCX) by 819.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,035 shares of the semiconductor company’s stock after purchasing an additional 267,405 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Lam Research were worth $21,672,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LRCX. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lam Research by 2,400.0% in the 3rd 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 stake in shares of Lam Research during the 3rd quarter worth $202,000. B&L Asset Management LLC acquired a new stake in shares of Lam Research in the 3rd quarter worth $204,000. CWC Advisors LLC. purchased a new position in shares of Lam Research in the third quarter worth $220,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Lam Research in the 3rd quarter worth approximately $220,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 0.7 %

Shares of NASDAQ LRCX opened at $82.75 on Tuesday. The business has a 50-day moving average price of $77.48 and a 200 day moving average price of $77.86. 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 stock has a market cap of $106.22 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts forecast 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. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Mizuho decreased their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Barclays decreased their price objective 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. Finally, Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.