Polianta Ltd Purchases 16,700 Shares of Lam Research Co. (NASDAQ:LRCX)

Polianta Ltd grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,192.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,100 shares of the semiconductor company’s stock after purchasing an additional 16,700 shares during the quarter. Lam Research makes up about 0.6% of Polianta Ltd’s investment portfolio, making the stock its 27th largest position. Polianta Ltd’s holdings in Lam Research were worth $1,307,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LRCX. West Oak Capital LLC grew its stake in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its position in Lam Research by 159.1% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Lam Research in the 4th quarter worth approximately $37,000. Eagle Bay Advisors LLC lifted its position in Lam Research by 484.2% in the fourth 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 last quarter. Finally, Cranbrook Wealth Management LLC grew its holdings in shares of Lam Research by 900.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 495 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LRCX. 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. Wells Fargo & Company decreased their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Friday. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $80.30 on Friday. The firm’s 50 day moving average price is $74.73 and its 200-day moving average price is $80.99. 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 $103.32 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 earnings per share. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. Equities research analysts expect that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 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.