Foster & Motley Inc. Acquires 12,263 Shares of Lam Research Co. (NASDAQ:LRCX)

Foster & Motley Inc. increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 1,691.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,988 shares of the semiconductor company’s stock after acquiring an additional 12,263 shares during the quarter. Foster & Motley Inc.’s holdings in Lam Research were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LRCX. Van ECK Associates Corp increased its stake in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares in the last quarter. Swedbank AB increased its stake in Lam Research by 1,488.8% during the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after purchasing an additional 2,875,843 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Lam Research during the 4th quarter valued at about $175,652,000. KBC Group NV increased its stake in Lam Research by 904.7% during the 4th quarter. KBC Group NV now owns 1,371,062 shares of the semiconductor company’s stock valued at $99,031,000 after purchasing an additional 1,234,595 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Lam Research by 779.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 943,240 shares of the semiconductor company’s stock valued at $68,130,000 after purchasing an additional 836,044 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 7.4 %

Lam Research stock opened at $80.73 on Friday. The stock has a market cap of $103.87 billion, a P/E ratio of 26.09, a PEG ratio of 1.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm’s 50 day moving average price is $75.72 and its 200-day moving average price is $78.93.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. On average, equities analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.74%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and raised their price target for the company from $95.00 to $100.00 in a report on Thursday. Mizuho dropped their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Barclays dropped their price target 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. Finally, StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.