DGS Capital Management LLC Raises Holdings in Lam Research Co. (NASDAQ:LRCX)

DGS Capital Management LLC increased its position in shares of Lam Research Co. (NASDAQ:LRCX) by 979.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,053 shares of the semiconductor company’s stock after purchasing an additional 4,585 shares during the period. DGS Capital Management LLC’s holdings in Lam Research were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares in the last quarter. NCP Inc. purchased a new position in shares of Lam Research in the 2nd quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares in the last quarter. Advisory Alpha LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth $256,000. Finally, Silver Lake Advisory LLC bought a new stake in Lam Research during the second quarter valued at about $261,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

NASDAQ LRCX opened at $79.68 on Friday. 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 debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market capitalization of $102.52 billion, a P/E ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45. The stock has a 50-day simple moving average of $75.43 and a two-hundred day simple moving average of $80.07.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $6.85 earnings per share. On average, equities analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on LRCX. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. The Goldman Sachs Group lowered their target price 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. Stifel Nicolaus reaffirmed 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. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

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.