Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,037.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,912 shares of the semiconductor company’s stock after buying an additional 20,897 shares during the period. Lam Research accounts for about 1.0% of Greater Midwest Financial Group LLC’s holdings, making the stock its 25th largest holding. Greater Midwest Financial Group LLC’s holdings in Lam Research were worth $1,655,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Atwood & Palmer Inc. acquired a new position in shares of Lam Research during the 4th quarter worth approximately $27,000. West Oak Capital LLC lifted its position in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after buying an additional 135 shares in the last quarter. Finley Financial LLC acquired a new position in Lam Research during the fourth quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Lam Research in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein lowered their price target on shares of 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. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, January 17th. Stifel Nicolaus restated a “buy” rating and set a $100.00 price target (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

Lam Research Trading Down 2.4 %

NASDAQ LRCX opened at $81.23 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The firm has a 50 day moving average of $75.11 and a two-hundred day moving average of $80.06. 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 stock has a market capitalization of $104.52 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $6.85 earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. As a group, research analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Lam Research Profile

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.