Valley Brook Capital Group Inc. Buys 4,275 Shares of Lam Research Co. (NASDAQ:LRCX)

Valley Brook Capital Group Inc. lifted its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,750 shares of the semiconductor company’s stock after purchasing an additional 4,275 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Lam Research were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after acquiring an additional 192 shares during the last quarter. Insight Wealth Partners LLC bought a new stake in shares of Lam Research in the 3rd quarter worth $202,000. B&L Asset Management LLC purchased a new position in shares of Lam Research in the third quarter worth $204,000. CWC Advisors LLC. bought a new position in shares of Lam Research during the third quarter valued at $220,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lam Research during the third quarter valued at $220,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX stock opened at $83.26 on Wednesday. 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 1-year low of $68.87 and a 1-year high of $113.00. The business has a 50-day moving average price of $77.03 and a 200 day moving average price of $78.01. The company has a market capitalization of $106.88 billion, a P/E ratio of 25.29, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data 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 return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts forecast that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LRCX shares. Wells Fargo & Company lifted their price target on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a report on Thursday, January 30th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group cut their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.72.

About Lam Research

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.