Savant Capital LLC Boosts Stake in Lam Research Co. (NASDAQ:LRCX)

Savant Capital LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 893.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,790 shares of the semiconductor company’s stock after purchasing an additional 20,496 shares during the period. Savant Capital LLC’s holdings in Lam Research were worth $1,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Creative Planning raised its position in Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after purchasing an additional 1,146 shares during the period. Asset Dedication LLC raised its stake in shares of Lam Research by 469.4% during the third quarter. Asset Dedication LLC now owns 279 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 230 shares in the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Lam Research by 2,500.0% during the third quarter. Jamison Private Wealth Management Inc. now owns 442 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 425 shares in the last quarter. Carderock Capital Management Inc. raised its stake in shares of Lam Research by 3.3% during the third quarter. Carderock Capital Management Inc. now owns 11,192 shares of the semiconductor company’s stock valued at $9,134,000 after acquiring an additional 362 shares in the last quarter. Finally, Greater Midwest Financial Group LLC bought a new stake in shares of Lam Research during the third quarter valued at approximately $1,644,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LRCX has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. B. Riley decreased their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

Shares of LRCX opened at $83.30 on Friday. The firm has a market capitalization of $106.93 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company’s fifty day moving average price is $77.19 and its 200-day moving average price is $77.92.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

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 given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. Lam Research’s dividend payout ratio is presently 27.96%.

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.