Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Northstar Group Inc.

Northstar Group Inc. increased its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,400 shares of the semiconductor company’s stock after acquiring an additional 3,060 shares during the quarter. Northstar Group Inc.’s holdings in Lam Research were worth $246,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares during the last quarter. Sunflower Bank N.A. bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $202,000. Insight Wealth Partners LLC bought a new position in Lam Research during the 3rd quarter worth $202,000. B&L Asset Management LLC bought a new stake in Lam Research in the third quarter valued at $204,000. Finally, CWC Advisors LLC. acquired a new stake in shares of Lam Research in the 3rd quarter worth about $220,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley upped their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $100.00 in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $82.33 on Friday. The business has a 50-day moving average of $76.75 and a two-hundred day moving average of $78.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock has a market capitalization of $105.93 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.34 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts predict that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. Lam Research’s dividend payout ratio is 27.95%.

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.