MWA Asset Management Acquires 16,115 Shares of Lam Research Co. (NASDAQ:LRCX)

MWA Asset Management raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 944.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,821 shares of the semiconductor company’s stock after purchasing an additional 16,115 shares during the period. MWA Asset Management’s holdings in Lam Research were worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares in the last quarter. Sunflower Bank N.A. bought a new position in Lam Research in the 3rd quarter worth $202,000. Insight Wealth Partners LLC purchased a new stake in shares of Lam Research in the 3rd quarter worth about $202,000. B&L Asset Management LLC bought a new stake in shares of Lam Research during the 3rd quarter valued at about $204,000. Finally, CWC Advisors LLC. purchased a new position in shares of Lam Research during the third quarter valued at about $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

LRCX opened at $82.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a market capitalization of $105.93 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.34 and a beta of 1.46. The company’s 50-day simple moving average is $76.75 and its two-hundred day simple moving average is $78.29. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating 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%. As a group, 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

Several analysts have weighed in on LRCX shares. Morgan Stanley lifted their price objective on 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 price target 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. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $100.00 in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.