First Pacific Financial Raises Position in Lam Research Co. (NASDAQ:LRCX)

First Pacific Financial lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640 shares of the semiconductor company’s stock after buying an additional 1,476 shares during the quarter. First Pacific Financial’s holdings in Lam Research were worth $118,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LRCX. Gabelli Funds LLC grew its position in shares of Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 16 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Lam Research by 5.6% during the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 17 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Lam Research by 2.6% during the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after purchasing an additional 23 shares in the last quarter. Stock Yards Bank & Trust Co. raised its position in Lam Research by 8.6% during the second quarter. Stock Yards Bank & Trust Co. now owns 316 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 25 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Lam Research by 7.6% during the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 4.0 %

LRCX stock opened at $79.22 on Friday. The firm has a fifty day moving average price of $74.68 and a 200 day moving average price of $81.00. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market cap of $101.93 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced 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 return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the business earned $6.85 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Sell-side analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.16%. Lam Research’s payout ratio is 29.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LRCX. B. Riley cut 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 note on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Friday. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.77.

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.