Bray Capital Advisors Purchases 24,083 Shares of Lam Research Co. (NASDAQ:LRCX)

Bray Capital Advisors boosted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 902.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,751 shares of the semiconductor company’s stock after acquiring an additional 24,083 shares during the period. Bray Capital Advisors’ holdings in Lam Research were worth $1,932,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its holdings in Lam Research by 900.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,020 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 3,618 shares in the last quarter. Capital Investment Counsel Inc increased its holdings in Lam Research by 798.6% during the 4th quarter. Capital Investment Counsel Inc now owns 16,580 shares of the semiconductor company’s stock worth $1,198,000 after purchasing an additional 14,735 shares in the last quarter. Prakash Investment Advisors LLC bought a new position in Lam Research during the 4th quarter worth about $1,343,000. Forte Capital LLC ADV increased its holdings in Lam Research by 780.8% during the 4th quarter. Forte Capital LLC ADV now owns 7,575 shares of the semiconductor company’s stock worth $547,000 after purchasing an additional 6,715 shares in the last quarter. Finally, ING Groep NV increased its holdings in Lam Research by 1,790.6% during the 4th quarter. ING Groep NV now owns 1,211,971 shares of the semiconductor company’s stock worth $87,541,000 after purchasing an additional 1,147,867 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and raised their price objective for the company from $75.00 to $125.00 in a report on Thursday. Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Barclays decreased their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley raised their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Trading Up 1.6 %

Shares of LRCX stock opened at $89.02 on Friday. 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 Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a 50 day moving average price of $78.27 and a two-hundred day moving average price of $77.97. The company has a market capitalization of $114.27 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 annualized dividend and a yield of 1.03%. Lam Research’s dividend payout ratio is currently 27.95%.

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.