Montag A & Associates Inc. Acquires 16,047 Shares of Lam Research Co. (NASDAQ:LRCX)

Montag A & Associates Inc. lifted its holdings in Lam Research Co. (NASDAQ:LRCX) by 916.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,798 shares of the semiconductor company’s stock after acquiring an additional 16,047 shares during the period. Montag A & Associates Inc.’s holdings in Lam Research were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. increased its position in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares in the last quarter. Insight Wealth Partners LLC bought a new stake in Lam Research in the 3rd quarter valued at about $202,000. B&L Asset Management LLC bought a new stake in Lam Research in the 3rd quarter valued at about $204,000. CWC Advisors LLC. bought a new stake in Lam Research in the 3rd quarter valued at about $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Lam Research in the 3rd quarter valued at about $220,000. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on LRCX shares. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Barclays cut their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company boosted their target price on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Mizuho cut their target price 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, BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Trading Down 0.7 %

Lam Research stock opened at $82.75 on Monday. The stock has a market cap of $106.22 billion, a P/E ratio of 25.14, a PEG ratio of 1.37 and a beta of 1.46. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm’s fifty day moving average price is $77.48 and its 200-day moving average price is $77.91. 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 released 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 net margin of 26.49% and a return on equity of 51.86%. Equities research analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. Lam Research’s payout ratio is currently 27.95%.

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.