McBroom & Associates LLC Makes New $6.32 Million Investment in Lam Research Co. (NASDAQ:LRCX)

McBroom & Associates LLC bought a new position in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 87,552 shares of the semiconductor company’s stock, valued at approximately $6,324,000. Lam Research accounts for 3.6% of McBroom & Associates LLC’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the period. Insight Wealth Partners LLC bought a new stake in shares of Lam Research during the third quarter worth $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research during the third quarter worth $204,000. CWC Advisors LLC. bought a new stake in shares of Lam Research during the third quarter worth $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Lam Research during the third quarter worth $220,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX stock opened at $83.73 on Tuesday. The stock has a market cap of $107.48 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a fifty day moving average price of $76.92 and a two-hundred day moving average price of $78.06. 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 earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Mizuho lowered their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Thursday, January 30th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Finally, B. Riley decreased their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Company 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.