Braun Bostich & Associates Inc. Has $307,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Braun Bostich & Associates Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 907.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,253 shares of the semiconductor company’s stock after buying an additional 3,831 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Lam Research were worth $307,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LRCX. Atwood & Palmer Inc. bought a new position in Lam Research during the fourth quarter worth $27,000. West Oak Capital LLC grew its position in Lam Research by 50.9% in 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 during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its position in shares of Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Lam Research in the fourth quarter valued at about $37,000. Finally, Eagle Bay Advisors LLC grew its position in Lam Research by 484.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock worth $40,000 after buying an additional 460 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on LRCX. Wells Fargo & Company cut their price target on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upped their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Stock Performance

Shares of Lam Research stock opened at $81.50 on Wednesday. The firm has a 50 day simple moving average of $74.81 and a 200 day simple moving average of $80.43. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm has a market cap of $104.87 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Sell-side analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.13%. Lam Research’s dividend payout ratio is currently 29.74%.

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.