AlphaMark Advisors LLC Raises Holdings in Lam Research Co. (NASDAQ:LRCX)

AlphaMark Advisors LLC grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,025.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the semiconductor company’s stock after acquiring an additional 4,100 shares during the period. AlphaMark Advisors LLC’s holdings in Lam Research were worth $325,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Lam Research by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 118,390 shares of the semiconductor company’s stock valued at $126,068,000 after purchasing an additional 10,070 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Lam Research during the 2nd quarter valued at about $1,597,000. Scientech Research LLC boosted its holdings in shares of Lam Research by 82.8% in the 2nd quarter. Scientech Research LLC now owns 746 shares of the semiconductor company’s stock worth $794,000 after purchasing an additional 338 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Lam Research by 9.8% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 841 shares of the semiconductor company’s stock worth $896,000 after purchasing an additional 75 shares during the period. Finally, Creative Planning grew its stake in shares of Lam Research by 1.4% during the second quarter. Creative Planning now owns 46,231 shares of the semiconductor company’s stock valued at $49,229,000 after buying an additional 639 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. Finally, Morgan Stanley lifted their price objective 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 analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.77.

Lam Research Stock Down 1.9 %

Lam Research stock opened at $79.68 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a market cap of $102.52 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45. The company’s 50-day moving average price is $75.43 and its two-hundred day moving average price is $80.07. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

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

Lam Research Dividend Announcement

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

Lam Research 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.