Mediolanum International Funds Ltd Takes Position in Lam Research Co. (NASDAQ:LRCX)

Mediolanum International Funds Ltd acquired a new position in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 196,202 shares of the semiconductor company’s stock, valued at approximately $14,121,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust grew its holdings in Lam Research by 34.0% during the 3rd quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 73 shares in the last quarter. Czech National Bank grew its stake in Lam Research by 6.6% during the third quarter. Czech National Bank now owns 26,559 shares of the semiconductor company’s stock valued at $21,674,000 after acquiring an additional 1,645 shares in the last quarter. Apella Capital LLC increased its holdings in Lam Research by 938.9% during the 3rd quarter. Apella Capital LLC now owns 3,283 shares of the semiconductor company’s stock worth $2,679,000 after acquiring an additional 2,967 shares during the period. Eldred Rock Partners LLC lifted its stake in Lam Research by 4.3% in the 3rd quarter. Eldred Rock Partners LLC now owns 15,370 shares of the semiconductor company’s stock worth $12,579,000 after purchasing an additional 630 shares in the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in Lam Research by 36.9% in the 3rd quarter. Wright Investors Service Inc. now owns 1,906 shares of the semiconductor company’s stock valued at $1,555,000 after purchasing an additional 514 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research report on Thursday. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. B. Riley decreased their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Performance

Shares of LRCX stock opened at $81.05 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. 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 market capitalization of $104.29 billion, a P/E ratio of 24.62, a PEG ratio of 1.38 and a beta of 1.45. The stock has a 50 day moving average price of $75.88 and a two-hundred day moving average price of $78.94.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%. Analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. Lam Research’s payout ratio is presently 27.96%.

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.