YANKCOM Partnership Takes $153,000 Position in Lam Research Co. (NASDAQ:LRCX)

YANKCOM Partnership purchased a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,117 shares of the semiconductor company’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cypress Capital Group boosted its position in shares of Lam Research by 3.7% during the third quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after buying an additional 132 shares during the last quarter. Savvy Advisors Inc. boosted its position in shares of Lam Research by 58.3% during the third quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 134 shares during the last quarter. West Oak Capital LLC boosted its position in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Baldwin Investment Management LLC boosted its position in shares of Lam Research by 1.4% during the third quarter. Baldwin Investment Management LLC now owns 10,249 shares of the semiconductor company’s stock valued at $8,364,000 after buying an additional 137 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC boosted its position in shares of Lam Research by 10.1% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,559 shares of the semiconductor company’s stock valued at $1,272,000 after buying an additional 143 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 1.1 %

Shares of LRCX opened at $82.83 on Friday. The business’s 50 day moving average is $76.53 and its 200 day moving average is $78.26. The company has a market capitalization of $106.58 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.11%. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Ratings Changes

Several research firms recently commented on LRCX. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $100.00 in a research report on Thursday, January 30th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Finally, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.72.

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.