Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. boosted its position in Lam Research Co. (NASDAQ:LRCX) by 1,094.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,973 shares of the semiconductor company’s stock after buying an additional 5,473 shares during the period. Legal Advantage Investments Inc.’s holdings in Lam Research were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 16 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after buying an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 27 shares during the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of Lam Research by 2.4% during the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after buying an additional 49 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently 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. Sanford C. Bernstein lowered their price target on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research report on Friday, November 29th. Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday. 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, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Friday. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Trading Up 1.4 %

NASDAQ:LRCX opened at $80.30 on Tuesday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The business’s 50-day moving average price is $74.73 and its two-hundred day moving average price is $80.63. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the company earned $6.85 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, equities analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

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.