Bristlecone Advisors LLC Purchases New Holdings in Lam Research Co. (NASDAQ:LRCX)

Bristlecone Advisors LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 53,330 shares of the semiconductor company’s stock, valued at approximately $3,852,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atwood & Palmer Inc. purchased a new position in Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC raised its holdings in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Country Trust Bank lifted its position in Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Finley Financial LLC purchased a new stake in Lam Research in the 4th quarter valued at approximately $30,000. Finally, Stephens Consulting LLC increased its position in Lam Research by 900.0% during the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 387 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Down 0.6 %

NASDAQ:LRCX opened at $82.33 on Monday. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The business’s 50-day simple moving average is $76.92 and its 200 day simple moving average is $78.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a market cap of $105.68 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a research report on Thursday, January 30th. B. Riley reduced their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

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.