Kozak & Associates Inc. Has $69,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Kozak & Associates Inc. decreased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 73.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 918 shares of the semiconductor company’s stock after selling 2,485 shares during the quarter. Kozak & Associates Inc.’s holdings in Lam Research were worth $69,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. boosted its stake in Lam Research by 2.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 624 shares of the semiconductor company’s stock worth $664,000 after acquiring an additional 14 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Lam Research by 2.4% during the 2nd quarter. HBK Sorce Advisory LLC now owns 682 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 16 shares during the last quarter. Gabelli Funds LLC raised its holdings in Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after buying an additional 16 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Lam Research by 5.6% in the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock worth $341,000 after buying an additional 17 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its holdings in shares of Lam Research by 2.6% during the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after buying an additional 23 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 4.4 %

Shares of NASDAQ:LRCX traded up $3.29 during trading hours on Monday, hitting $78.40. The company’s stock had a trading volume of 7,072,519 shares, compared to its average volume of 7,939,857. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The firm’s fifty day moving average price is $74.62 and its 200 day moving average price is $82.66. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a market capitalization of $100.88 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share 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 return on equity of 50.60% and a net margin of 26.02%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $6.85 EPS. As a group, research analysts expect that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley lifted their price target on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Sanford C. Bernstein dropped 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. Finally, B. Riley lowered their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.24.

Lam Research Company 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.