Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in Lam Research Co. (NASDAQ:LRCX) by 971.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 55,794 shares of the semiconductor company’s stock after purchasing an additional 50,585 shares during the period. Exchange Traded Concepts LLC’s holdings in Lam Research were worth $4,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional boosted its stake in shares of Lam Research by 959.4% in the fourth quarter. CX Institutional now owns 28,731 shares of the semiconductor company’s stock valued at $2,075,000 after purchasing an additional 26,019 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Lam Research in the fourth quarter worth $332,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Lam Research by 6,604.9% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 43,850 shares of the semiconductor company’s stock worth $3,164,000 after acquiring an additional 43,196 shares during the period. Financial Partners Group LLC raised its stake in shares of Lam Research by 900.0% in the fourth quarter. Financial Partners Group LLC now owns 87,900 shares of the semiconductor company’s stock valued at $6,349,000 after acquiring an additional 79,110 shares in the last quarter. Finally, Greater Midwest Financial Group LLC grew its stake in Lam Research by 1,037.1% during the 4th quarter. Greater Midwest Financial Group LLC now owns 22,912 shares of the semiconductor company’s stock worth $1,655,000 after purchasing an additional 20,897 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $79.68 on Friday. The company has a market capitalization of $102.52 billion, a PE ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a 50-day simple moving average of $75.43 and a 200-day simple moving average of $80.07. 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:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping 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 previous year, the company earned $6.85 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Equities research analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. Lam Research’s payout ratio is 29.74%.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of analyst reports. Mizuho reduced their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, 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. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Company 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.