DT Investment Partners LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

DT Investment Partners LLC increased its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 860 shares of the semiconductor company’s stock after purchasing an additional 774 shares during the period. DT Investment Partners LLC’s holdings in Lam Research were worth $62,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LRCX. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research in the fourth quarter worth about $27,000. West Oak Capital LLC lifted its position in shares of Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 135 shares in the last quarter. Country Trust Bank lifted its position in shares of Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 360 shares in the last quarter. Finley Financial LLC purchased a new stake in Lam Research during the fourth quarter valued at approximately $30,000. Finally, Stephens Consulting LLC raised its position in Lam Research by 900.0% during the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 387 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 2.1 %

Shares of NASDAQ:LRCX opened at $83.30 on Friday. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock has a market cap of $106.93 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The business’s 50 day moving average is $77.19 and its 200 day moving average is $77.92. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) 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%. Sell-side analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.10%. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LRCX shares. Stifel Nicolaus restated a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Friday, January 17th. Mizuho decreased their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $95.00 to $100.00 in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

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.