Four Tree Island Advisory LLC Takes Position in Lam Research Co. (NASDAQ:LRCX)

Four Tree Island Advisory LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 244,149 shares of the semiconductor company’s stock, valued at approximately $17,635,000. Lam Research comprises 12.2% of Four Tree Island Advisory LLC’s portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. raised its position in shares of Lam Research by 1,179.8% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 6,540 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 6,029 shares during the last quarter. Savant Capital LLC grew its stake in shares of Lam Research by 893.5% during the fourth quarter. Savant Capital LLC now owns 22,790 shares of the semiconductor company’s stock worth $1,646,000 after purchasing an additional 20,496 shares during the period. RAM Investment Partners LLC increased its holdings in Lam Research by 915.6% in the fourth quarter. RAM Investment Partners LLC now owns 14,147 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 12,754 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in Lam Research in the fourth quarter valued at about $469,000. Finally, Activest Wealth Management boosted its holdings in Lam Research by 1,159.1% during the fourth quarter. Activest Wealth Management now owns 554 shares of the semiconductor company’s stock worth $40,000 after buying an additional 510 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Barclays lowered their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, Mizuho reduced their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $82.33 on Monday. The stock has a market capitalization of $105.68 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a 50 day moving average price of $76.92 and a 200 day moving average price of $78.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 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%. Analysts predict that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. Lam Research’s dividend payout ratio is presently 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.