Citizens National Bank Trust Department Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Citizens National Bank Trust Department boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450 shares of the semiconductor company’s stock after purchasing an additional 405 shares during the period. Citizens National Bank Trust Department’s holdings in Lam Research were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares during the period. Insight Wealth Partners LLC purchased a new position in shares of Lam Research during the 3rd quarter worth approximately $202,000. B&L Asset Management LLC purchased a new position in shares of Lam Research during the 3rd quarter worth approximately $204,000. CWC Advisors LLC. purchased a new position in shares of Lam Research during the 3rd quarter worth approximately $220,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Lam Research during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Barclays cut 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. Wells Fargo & Company upped their price target 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. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, Morgan Stanley upped their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.22.

Lam Research Stock Performance

LRCX stock opened at $89.02 on Friday. The stock has a market capitalization of $114.27 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $78.27 and its 200 day simple moving average is $77.97.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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 paid a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.03%. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

About Lam Research

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.