Yarbrough Capital LLC Takes $908,000 Position in Lam Research Co. (NASDAQ:LRCX)

Yarbrough Capital LLC acquired a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,571 shares of the semiconductor company’s stock, valued at approximately $908,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Oak Capital LLC boosted its position 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 buying an additional 135 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth $37,000. Eagle Bay Advisors LLC increased its holdings in Lam Research by 484.2% in the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 460 shares during the period. Fortitude Family Office LLC raised its position in Lam Research by 896.7% during the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 538 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in Lam Research by 900.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock worth $45,000 after buying an additional 558 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $79.22 on Friday. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company’s fifty day moving average price is $74.68 and its 200-day moving average price is $81.00. The firm has a market capitalization of $101.93 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 26.02% and a return on equity of 50.60%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the business earned $6.85 earnings per share. On average, equities research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is 29.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Sanford C. Bernstein reduced their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Wells Fargo & Company dropped their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.59.

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.