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

Foundations Investment Advisors LLC grew its stake in Lam Research Co. (NASDAQ:LRCX) by 1,106.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,986 shares of the semiconductor company’s stock after buying an additional 65,104 shares during the period. Foundations Investment Advisors LLC’s holdings in Lam Research were worth $5,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Trust Co. of Toledo NA OH raised its stake in Lam Research by 2.4% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after acquiring an additional 49 shares during the last quarter. Quarry LP raised its stake in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Lam Research by 3.9% during the second quarter. Sunbelt Securities Inc. now owns 1,533 shares of the semiconductor company’s stock worth $1,633,000 after purchasing an additional 58 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in Lam Research by 20.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 412 shares of the semiconductor company’s stock valued at $439,000 after acquiring an additional 70 shares during the period. Finally, American National Bank & Trust boosted its holdings in shares of Lam Research by 34.0% in the 3rd quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 73 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock opened at $75.64 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The business has a 50 day simple moving average of $75.43 and a 200-day simple moving average of $79.63. The firm has a market capitalization of $97.32 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Analyst Ratings Changes

A number of analysts have recently commented on LRCX shares. Wells Fargo & Company lowered their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Barclays dropped their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Morgan Stanley upped their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.