Custom Index Systems LLC Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

Custom Index Systems LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 896.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,725 shares of the semiconductor company’s stock after purchasing an additional 7,849 shares during the quarter. Custom Index Systems LLC’s holdings in Lam Research were worth $630,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LRCX. Van ECK Associates Corp lifted its position in shares of Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after buying an additional 15,005,178 shares in the last quarter. State Street Corp increased its position in shares of Lam Research by 1.6% during the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock valued at $4,817,113,000 after acquiring an additional 94,086 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lam Research by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock worth $2,539,413,000 after acquiring an additional 64,053 shares during the period. Swedbank AB boosted its position in Lam Research by 1,488.8% in the fourth quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock worth $221,674,000 after purchasing an additional 2,875,843 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Lam Research in the 4th quarter valued at $175,652,000. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $81.05 on Friday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market cap of $104.29 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.38 and a beta of 1.45. The company has a 50 day moving average of $75.88 and a 200 day moving average of $78.94.

Lam Research (NASDAQ:LRCX) last released 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 52.58%. As a group, sell-side analysts forecast that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Lam Research’s payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LRCX shares. Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $85.00 to $91.00 in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.72.

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.