Lam Research Co. (NASDAQ:LRCX) Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 838.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 73,094 shares of the semiconductor company’s stock after buying an additional 65,306 shares during the quarter. Lam Research makes up about 1.2% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Lam Research were worth $5,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Atwood & Palmer Inc. acquired a new position in Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC grew its stake in Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Country Trust Bank grew its stake in Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Finley Financial LLC acquired a new position in Lam Research during the 4th quarter worth $30,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on LRCX shares. Mizuho decreased their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $85.00 to $91.00 in a report on Thursday. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Lam Research in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Stock Performance

NASDAQ LRCX opened at $80.73 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $75.88 and its two-hundred day moving average is $78.94. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The stock has a market capitalization of $103.87 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.38 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 52.58% and a net margin of 26.49%. Research analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 27.95%.

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.