Naples Global Advisors LLC Grows Holdings in Lam Research Co. (NASDAQ:LRCX)

Naples Global Advisors LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 965.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,863 shares of the semiconductor company’s stock after buying an additional 73,275 shares during the quarter. Naples Global Advisors LLC’s holdings in Lam Research were worth $5,859,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Values First Advisors Inc. increased its stake in Lam Research by 742.5% in the fourth quarter. Values First Advisors Inc. now owns 8,501 shares of the semiconductor company’s stock valued at $614,000 after acquiring an additional 7,492 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Lam Research by 1,159.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 243,502 shares of the semiconductor company’s stock worth $17,639,000 after purchasing an additional 224,164 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its position in shares of Lam Research by 900.0% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 3,240 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 2,916 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $432,000. Finally, Valley Brook Capital Group Inc. lifted its position in Lam Research by 900.0% in the 4th quarter. Valley Brook Capital Group Inc. now owns 4,750 shares of the semiconductor company’s stock worth $343,000 after buying an additional 4,275 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Barclays reduced their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. B. Riley reduced their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their target price on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Seven equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Down 2.0 %

LRCX stock opened at $81.57 on Thursday. 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 market capitalization of $104.71 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The business’s 50 day moving average price is $77.12 and its two-hundred day moving average price is $77.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

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

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.13%. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

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.