Romano Brothers AND Company Invests $2.04 Million in Lam Research Co. (NASDAQ:LRCX)

Romano Brothers AND Company acquired a new stake in Lam Research Co. (NASDAQ:LRCX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 28,185 shares of the semiconductor company’s stock, valued at approximately $2,036,000.

A number of other institutional investors have also added to or reduced their stakes in LRCX. West Oak Capital LLC lifted its stake in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after buying an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in Lam Research in the fourth quarter valued at approximately $37,000. Eagle Bay Advisors LLC lifted its position in shares of 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 buying an additional 460 shares during the last quarter. Finally, Cranbrook Wealth Management LLC boosted its stake in shares of Lam Research by 900.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 495 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.4 %

Shares of LRCX opened at $80.30 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.37 and a beta of 1.45. The business’s fifty day moving average is $74.73 and its 200-day moving average is $80.99.

Lam Research (NASDAQ:LRCX) last posted 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. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.85 earnings per share. Equities analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LRCX shares. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Lam Research in a report on Thursday, October 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley boosted their price objective on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Mizuho lowered their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $95.77.

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.