Simon Quick Advisors LLC Grows Holdings in Lam Research Co. (NASDAQ:LRCX)

Simon Quick Advisors LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 1,388.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,112 shares of the semiconductor company’s stock after buying an additional 7,567 shares during the period. Simon Quick Advisors LLC’s holdings in Lam Research were worth $586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. AE Wealth Management LLC grew its stake in shares of Lam Research by 22.5% during the 2nd quarter. AE Wealth Management LLC now owns 957 shares of the semiconductor company’s stock valued at $1,019,000 after buying an additional 176 shares during the period. Gabelli Funds LLC grew its position in Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 16 shares during the period. EverSource Wealth Advisors LLC grew 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 acquiring an additional 27 shares during the period. Public Sector Pension Investment Board increased its stake in Lam Research by 76.3% during the second quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after acquiring an additional 2,159 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in shares of Lam Research by 12.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 852 shares of the semiconductor company’s stock worth $909,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. B. Riley cut their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein decreased their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $83.25 on Thursday. The firm’s 50 day moving average is $74.92 and its two-hundred day moving average is $80.24. The firm has a market capitalization of $107.12 billion, a P/E ratio of 26.91, a PEG ratio of 1.48 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 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 firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the firm earned $6.85 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. Analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders 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 dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

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.