11,644 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC acquired a new position in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, HoldingsChannel reports. The fund acquired 11,644 shares of the semiconductor company’s stock, valued at approximately $841,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blair William & Co. IL lifted its stake in Lam Research by 8.0% in the second quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company’s stock valued at $6,128,000 after purchasing an additional 426 shares during the last quarter. MQS Management LLC purchased a new stake in Lam Research in the 2nd quarter worth about $228,000. Benjamin Edwards Inc. lifted its holdings in Lam Research by 5.6% during the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 17 shares during the last quarter. AE Wealth Management LLC boosted its position in Lam Research by 22.5% during the second quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock worth $1,019,000 after purchasing an additional 176 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Lam Research by 6.9% in the second quarter. Thrivent Financial for Lutherans now owns 35,655 shares of the semiconductor company’s stock worth $37,967,000 after purchasing an additional 2,288 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.4 %

LRCX stock opened at $80.30 on Monday. The company has a market capitalization of $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company’s 50 day moving average price is $74.73 and its two-hundred day moving average price is $80.81.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company earned $6.85 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. As a group, analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.77%.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent research reports. Barclays reduced 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 note on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.77.

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.