Lam Research Co. (NASDAQ:LRCX) Stock Position Increased by Verity & Verity LLC

Verity & Verity LLC grew its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the semiconductor company’s stock after purchasing an additional 3,510 shares during the period. Verity & Verity LLC’s holdings in Lam Research were worth $282,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT increased its position in Lam Research by 107.8% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 478 shares of the semiconductor company’s stock valued at $509,000 after acquiring an additional 248 shares during the period. Blair William & Co. IL increased its holdings in shares of Lam Research by 8.0% during the second quarter. Blair William & Co. IL now owns 5,755 shares of the semiconductor company’s stock valued at $6,128,000 after purchasing an additional 426 shares during the period. MQS Management LLC bought a new stake in shares of Lam Research during the second quarter valued at about $228,000. Intech Investment Management LLC raised its stake in shares of Lam Research by 3.1% during the second quarter. Intech Investment Management LLC now owns 12,150 shares of the semiconductor company’s stock valued at $12,938,000 after purchasing an additional 371 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Lam Research by 5.8% in the second quarter. Ieq Capital LLC now owns 14,655 shares of the semiconductor company’s stock worth $15,606,000 after purchasing an additional 799 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LRCX. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Barclays cut their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. B. Riley cut their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Stock Performance

Shares of Lam Research stock opened at $80.30 on Friday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock has a market cap of $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The business has a fifty day simple moving average of $74.68 and a 200-day simple moving average of $80.99.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $6.85 EPS. On average, sell-side analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research’s dividend payout ratio is presently 29.74%.

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.