Stephens Inc. AR Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Stephens Inc. AR boosted its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,410.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,194 shares of the semiconductor company’s stock after buying an additional 5,784 shares during the period. Stephens Inc. AR’s holdings in Lam Research were worth $447,000 at the end of the most recent quarter.

Other hedge funds and 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% 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 period. Insight Wealth Partners LLC bought a new position in Lam Research in the 3rd quarter valued at $202,000. B&L Asset Management LLC bought a new position in Lam Research in the 3rd quarter valued at $204,000. CWC Advisors LLC. bought a new position in Lam Research in the 3rd quarter valued at $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Lam Research in the 3rd quarter valued at $220,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock opened at $82.75 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The stock’s 50-day moving average is $77.35 and its 200 day moving average is $77.96. The company has a market cap of $106.22 billion, a P/E ratio of 25.14, a PEG ratio of 1.37 and a beta of 1.46. 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 (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating 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%. Research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LRCX. Wells Fargo & Company upped their price objective on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Friday, January 17th. Morgan Stanley increased their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group dropped their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Lam Research has a consensus 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.