Moody Lynn & Lieberson LLC Acquires 3,881 Shares of Lam Research Co. (NASDAQ:LRCX)

Moody Lynn & Lieberson LLC boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 896.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,314 shares of the semiconductor company’s stock after acquiring an additional 3,881 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Lam Research were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Trust Co. of Toledo NA OH grew its stake in shares of Lam Research by 2.4% in the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after purchasing an additional 49 shares during the last quarter. Quarry LP lifted its holdings in 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 buying an additional 56 shares during the period. Sunbelt Securities Inc. grew its position in shares of Lam Research by 3.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,533 shares of the semiconductor company’s stock valued at $1,633,000 after buying an additional 58 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Lam Research by 20.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 412 shares of the semiconductor company’s stock valued at $439,000 after buying an additional 70 shares during the period. Finally, American National Bank & Trust raised its position in shares of Lam Research by 34.0% during the third quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock worth $235,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $79.68 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 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 stock has a 50 day moving average price of $75.43 and a two-hundred day moving average price of $80.07. The firm has a market capitalization of $102.52 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $6.85 EPS. Equities analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on LRCX shares. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their target price 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Sanford C. Bernstein dropped their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price 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.