Lam Research Co. (NASDAQ:LRCX) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lifted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 864.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,906 shares of the semiconductor company’s stock after purchasing an additional 27,702 shares during the period. CHICAGO TRUST Co NA’s holdings in Lam Research were worth $2,232,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LRCX. Oppenheimer & Co. Inc. raised its position in shares of Lam Research by 378.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 2,245 shares of the semiconductor company’s stock valued at $2,391,000 after buying an additional 1,776 shares during the period. HBK Sorce Advisory LLC raised its position in Lam Research by 2.4% in the second quarter. HBK Sorce Advisory LLC now owns 682 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 16 shares during the period. Parallel Advisors LLC raised its position in Lam Research by 5.0% in the second quarter. Parallel Advisors LLC now owns 1,425 shares of the semiconductor company’s stock valued at $1,517,000 after purchasing an additional 68 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Lam Research by 52.2% during the second quarter. Thoroughbred Financial Services LLC now owns 1,630 shares of the semiconductor company’s stock worth $1,736,000 after acquiring an additional 559 shares during the period. Finally, Wealthspire Advisors LLC increased its position in shares of Lam Research by 23.7% during the second quarter. Wealthspire Advisors LLC now owns 1,150 shares of the semiconductor company’s stock worth $1,225,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 1.0 %

Lam Research stock traded down $0.74 during midday trading on Monday, hitting $73.91. 2,570,558 shares of the stock were exchanged, compared to its average volume of 9,443,144. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The firm has a market cap of $95.10 billion, a P/E ratio of 23.89, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The company has a 50 day moving average price of $74.72 and a two-hundred day moving average price of $81.65.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $6.85 EPS. On average, sell-side analysts predict that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.77%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LRCX. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Sanford C. Bernstein lowered their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Citigroup reduced their target price on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, The Goldman Sachs Group cut their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.59.

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.