Ridgewood Investments LLC Increases Position in Lam Research Co. (NASDAQ:LRCX)

Ridgewood Investments LLC boosted its position in Lam Research Co. (NASDAQ:LRCX) by 1,196.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,535 shares of the semiconductor company’s stock after purchasing an additional 6,031 shares during the period. Ridgewood Investments LLC’s holdings in Lam Research were worth $472,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. ORG Partners LLC lifted its stake in Lam Research by 900.0% in the fourth quarter. ORG Partners LLC now owns 1,310 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 1,179 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Lam Research by 896.7% in the fourth 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 last quarter. Farmers Trust Co. lifted its stake in Lam Research by 821.4% in the fourth quarter. Farmers Trust Co. now owns 2,930 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 2,612 shares during the last quarter. Fulton Bank N.A. raised its holdings in Lam Research by 665.8% during the 4th quarter. Fulton Bank N.A. now owns 14,221 shares of the semiconductor company’s stock valued at $1,027,000 after acquiring an additional 12,364 shares during the period. Finally, Range Financial Group LLC bought a new stake in Lam Research during the 4th quarter valued at $286,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $100.00 target price on shares of Lam Research in a 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 on the stock in a report on Friday, November 29th. The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday. UBS Group decreased their price target on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.91.

Lam Research Trading Down 3.1 %

Shares of Lam Research stock traded down $2.39 during trading on Friday, reaching $74.65. 3,025,027 shares of the stock were exchanged, compared to its average volume of 9,105,278. 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’s fifty day moving average is $74.72 and its 200 day moving average is $82.01. The firm has a market cap of $96.05 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. Lam Research Co. has a 1 year low of $68.87 and a 1 year 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, 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 during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the firm earned $6.85 earnings per share. Lam Research’s revenue was up 19.7% on a year-over-year basis. As a group, equities research analysts expect that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is 29.77%.

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.