Burford Brothers Inc. Buys 6,432 Shares of Lam Research Co. (NASDAQ:LRCX)

Burford Brothers Inc. boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 912.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,137 shares of the semiconductor company’s stock after purchasing an additional 6,432 shares during the period. Burford Brothers Inc.’s holdings in Lam Research were worth $516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. increased its position in shares of Lam Research by 931.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 3,620 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 3,269 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Lam Research by 901.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 22,807 shares of the semiconductor company’s stock valued at $1,647,000 after buying an additional 20,529 shares during the last quarter. CENTRAL TRUST Co raised its position in Lam Research by 783.9% in the fourth quarter. CENTRAL TRUST Co now owns 22,832 shares of the semiconductor company’s stock worth $1,649,000 after acquiring an additional 20,249 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Lam Research by 832.4% during the 4th quarter. Valley National Advisers Inc. now owns 47,402 shares of the semiconductor company’s stock worth $3,423,000 after acquiring an additional 42,318 shares during the last quarter. Finally, Western Pacific Wealth Management LP grew its position in shares of Lam Research by 969.6% during the 4th quarter. Western Pacific Wealth Management LP now owns 1,583 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,435 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LRCX shares. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $95.00 to $100.00 in a research report on Thursday. Mizuho reduced their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research note on Thursday. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Stock Up 0.4 %

Shares of LRCX opened at $81.05 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock has a market capitalization of $104.29 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The business’s 50 day simple moving average is $76.05 and its 200-day simple moving average is $78.76.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, equities analysts expect that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed 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 of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

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.