Global Trust Asset Management LLC Purchases New Holdings in Lam Research Co. (NASDAQ:LRCX)

Global Trust Asset Management LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCXFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,650 shares of the semiconductor company’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Quarry LP raised its stake in shares of Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares in the last quarter. NCP Inc. acquired a new stake in Lam Research in the second quarter valued at approximately $213,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new position in shares of Lam Research during the 2nd quarter worth $226,000. Finally, Advisory Alpha LLC bought a new position in shares of Lam Research during the 2nd quarter valued at $256,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.5 %

Shares of NASDAQ:LRCX opened at $81.50 on Wednesday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company’s 50-day moving average price is $74.92 and its two-hundred day moving average price is $80.24. The firm has a market cap of $104.87 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.74%.

Wall Street Analyst Weigh In

LRCX has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Mizuho lowered their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Sanford C. Bernstein reduced their target price on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, 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, January 17th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

View Our Latest Stock Analysis on Lam Research

About Lam Research

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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