Flinton Capital Management LLC grew its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,696 shares of the semiconductor company’s stock after acquiring an additional 3,780 shares during the period. Flinton Capital Management LLC’s holdings in Lam Research were worth $10,988,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krilogy Financial LLC raised its stake in Lam Research by 91.6% during the third quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock worth $102,000 after buying an additional 263 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Lam Research by 144.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 664 shares of the semiconductor company’s stock worth $122,000 after buying an additional 392 shares during the last quarter. Focused Wealth Management Inc bought a new position in Lam Research during the fourth quarter worth $140,000. Fuller & Thaler Asset Management Inc. bought a new position in Lam Research during the third quarter worth $185,000. Finally, Squar Milner Financial Services LLC bought a new position in Lam Research during the fourth quarter worth $204,000. 90.06% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on LRCX. BidaskClub raised shares of Lam Research from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr downgraded shares of Lam Research from a “strong-buy” rating to a “buy” rating and set a $240.39 target price for the company. in a research note on Monday. KeyCorp reissued an “outperform” rating and set a $276.00 target price (up previously from $261.00) on shares of Lam Research in a research note on Tuesday, March 6th. Deutsche Bank lifted their target price on shares of Lam Research to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Finally, Citigroup reissued a “positive” rating and set a $290.00 target price (up previously from $260.00) on shares of Lam Research in a research note on Wednesday, March 7th. Twenty-five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Lam Research presently has an average rating of “Buy” and a consensus target price of $239.28.
Shares of Lam Research Co. (NASDAQ LRCX) opened at $224.00 on Wednesday. The firm has a market cap of $37,259.09, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.43. Lam Research Co. has a 52 week low of $122.25 and a 52 week high of $234.88. The company has a quick ratio of 2.09, a current ratio of 2.47 and a debt-to-equity ratio of 0.29.
Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.66. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The business’s revenue was up 37.1% on a year-over-year basis. During the same period last year, the company earned $2.24 earnings per share. equities research analysts predict that Lam Research Co. will post 16.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, March 6th. Lam Research’s dividend payout ratio is currently 22.05%.
Lam Research declared that its Board of Directors has initiated a share repurchase plan on Tuesday, November 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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Lam Research Company Profile
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
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