SignalPoint Asset Management LLC Acquires 4,872 Shares of Lam Research Co. (NASDAQ:LRCX)

SignalPoint Asset Management LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 1,104.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,313 shares of the semiconductor company’s stock after buying an additional 4,872 shares during the period. SignalPoint Asset Management LLC’s holdings in Lam Research were worth $384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LRCX. West Oak Capital LLC boosted its holdings in Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 135 shares during the period. Laurel Wealth Advisors LLC bought a new position in Lam Research in the 4th quarter valued at $37,000. Eagle Bay Advisors LLC boosted its holdings in Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 460 shares during the period. Fortitude Family Office LLC boosted its holdings in Lam Research by 896.7% in the 4th quarter. Fortitude Family Office LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 538 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in Lam Research by 900.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 620 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 558 shares during the period. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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, January 10th. Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Morgan Stanley raised their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. B. Riley lowered their price objective on shares of 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, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $76.15 on Thursday. The stock has a market cap of $97.98 billion, a PE ratio of 24.61, a PEG ratio of 1.37 and a beta of 1.45. The company’s fifty day moving average is $74.70 and its 200 day moving average is $81.22. Lam Research Co. has a 52 week low of $68.87 and a 52 week 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.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company earned $6.85 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. Research analysts anticipate that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.21%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.74%.

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.