AFT Forsyth & Company Inc. Has $408,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

AFT Forsyth & Company Inc. increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 900.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,653 shares of the semiconductor company’s stock after acquiring an additional 5,088 shares during the quarter. AFT Forsyth & Company Inc.’s holdings in Lam Research were worth $408,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LRCX. Atwood & Palmer Inc. bought a new position in shares of Lam Research during the fourth quarter worth $27,000. West Oak Capital LLC lifted its holdings in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 135 shares in the last quarter. Country Trust Bank grew its stake in Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 360 shares during the period. Finley Financial LLC acquired a new position in Lam Research in the fourth quarter valued at about $30,000. Finally, Stephens Consulting LLC increased its holdings in shares of Lam Research by 900.0% in the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 387 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LRCX shares. Barclays cut their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Mizuho dropped their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $100.00 in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Trading Down 2.0 %

Shares of NASDAQ:LRCX opened at $81.57 on Thursday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a market capitalization of $104.71 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a 50-day simple moving average of $77.12 and a 200 day simple moving average of $77.97.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Sell-side analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is presently 27.95%.

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.