Vest Financial LLC Acquires 423,866 Shares of Lam Research Co. (NASDAQ:LRCX)

Vest Financial LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 1,177.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 459,857 shares of the semiconductor company’s stock after buying an additional 423,866 shares during the period. Vest Financial LLC’s holdings in Lam Research were worth $33,215,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. SC&H Financial Advisors Inc. raised its holdings in Lam Research by 911.3% in the 4th quarter. SC&H Financial Advisors Inc. now owns 9,102 shares of the semiconductor company’s stock valued at $657,000 after acquiring an additional 8,202 shares in the last quarter. Cidel Asset Management Inc. lifted its position in Lam Research by 1,020.9% during the fourth quarter. Cidel Asset Management Inc. now owns 4,977 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 4,533 shares during the period. Conning Inc. lifted its position in Lam Research by 901.9% during the fourth quarter. Conning Inc. now owns 68,056 shares of the semiconductor company’s stock worth $4,916,000 after purchasing an additional 61,263 shares during the period. Woodward Diversified Capital LLC grew its stake in Lam Research by 1,293.2% during the fourth quarter. Woodward Diversified Capital LLC now owns 8,248 shares of the semiconductor company’s stock worth $596,000 after buying an additional 7,656 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in Lam Research by 900.0% in the 4th quarter. Joel Isaacson & Co. LLC now owns 12,030 shares of the semiconductor company’s stock valued at $869,000 after buying an additional 10,827 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of LRCX stock opened at $82.33 on Friday. The stock has a market capitalization of $105.93 billion, a PE ratio of 25.01, a PEG ratio of 1.34 and a beta of 1.46. The business’s 50 day simple moving average is $76.75 and its 200 day simple moving average is $78.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, research analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LRCX shares. Wells Fargo & Company upped their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Morgan Stanley upped their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Mizuho reduced their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

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.