Lam Research Co. (NASDAQ:LRCX) Shares Bought by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC grew its stake in Lam Research Co. (NASDAQ:LRCX) by 484.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 555 shares of the semiconductor company’s stock after purchasing an additional 460 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Lam Research were worth $40,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP boosted its holdings in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares during the last quarter. NCP Inc. acquired a new stake in shares of Lam Research in the second quarter worth approximately $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares in the last quarter. Excalibur Management Corp acquired a new position in Lam Research in the 2nd quarter valued at $225,000. Finally, Mill Creek Capital Advisors LLC purchased a new position in Lam Research in the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.3 %

Shares of NASDAQ LRCX opened at $74.45 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $95.79 billion, a PE ratio of 24.06, a PEG ratio of 1.22 and a beta of 1.45. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The stock has a fifty day simple moving average of $74.72 and a 200-day simple moving average of $81.43.

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, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $6.85 EPS. On average, equities analysts forecast that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced 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 of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.24%. Lam Research’s dividend payout ratio (DPR) is presently 29.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company cut their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Finally, Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.59.

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.