Americana Partners LLC Increases Position in Lam Research Co. (NASDAQ:LRCX)

Americana Partners LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 599.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,426 shares of the semiconductor company’s stock after acquiring an additional 2,936 shares during the period. Americana Partners LLC’s holdings in Lam Research were worth $247,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LRCX. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of 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 valued at $163,000 after buying an additional 192 shares during the period. Insight Wealth Partners LLC purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $202,000. B&L Asset Management LLC purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $204,000. CWC Advisors LLC. purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $220,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lam Research in the 3rd quarter valued at approximately $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Morgan Stanley increased their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Lam Research in a research report on Tuesday. B. Riley lowered 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 report on Wednesday, October 23rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Price Performance

Lam Research stock opened at $86.52 on Wednesday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company’s 50 day moving average is $77.58 and its two-hundred day moving average is $77.79. The firm has a market cap of $111.06 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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 expect that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.06%. Lam Research’s payout ratio is 27.96%.

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.