West Oak Capital LLC Has $29,000 Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

West Oak Capital LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 50.9% in the 4th quarter, HoldingsChannel reports. The firm owned 400 shares of the semiconductor company’s stock after buying an additional 135 shares during the period. West Oak Capital LLC’s holdings in Lam Research were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in LRCX. Van ECK Associates Corp lifted its holdings in Lam Research by 1,394.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after purchasing an additional 15,005,178 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its holdings in Lam Research by 886.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock valued at $25,266,000 after purchasing an additional 314,349 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Lam Research by 215.4% during the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock valued at $279,018,000 after purchasing an additional 233,500 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in Lam Research by 994.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 232,901 shares of the semiconductor company’s stock valued at $190,066,000 after purchasing an additional 211,614 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in Lam Research by 315.0% during the 3rd quarter. Bridgewater Associates LP now owns 276,052 shares of the semiconductor company’s stock valued at $225,281,000 after purchasing an additional 209,537 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Sanford C. Bernstein lowered their price objective 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. B. Riley lowered their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Mizuho lowered their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.65.

Lam Research Stock Performance

Lam Research stock opened at $74.65 on Friday. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $74.72 and its two-hundred day moving average price is $81.96. The stock has a market cap of $96.05 billion, a PE ratio of 24.13, a P/E/G ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the business posted $6.85 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, analysts expect that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is presently 29.77%.

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.