Global Trust Asset Management LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX – Free 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 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
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.
Featured Stories
- Five stocks we like better than Lam Research
- Industrial Products Stocks Investing
- Avient Stock: Manufacturing Play With Double-Digit Upside
- Stock Average Calculator
- Ultrasound Weight Loss: GE HealthCare and Novo Nordisk’s Play
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Super Micro Computer: Turning Risk Into Reward at the Crossroads
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.