Sanctuary Advisors LLC Boosts Holdings in Lam Research Co. (NASDAQ:LRCX)

Sanctuary Advisors LLC raised its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,887 shares of the semiconductor company’s stock after acquiring an additional 13,974 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lam Research were worth $12,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LRCX. Catalyst Capital Advisors LLC lifted its position in Lam Research by 1,541.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,118 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 1,989 shares in the last quarter. Retirement Income Solutions Inc lifted its position in Lam Research by 923.8% during the fourth quarter. Retirement Income Solutions Inc now owns 4,300 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 3,880 shares in the last quarter. Principal Financial Group Inc. lifted its position in Lam Research by 949.8% during the fourth quarter. Principal Financial Group Inc. now owns 2,625,490 shares of the semiconductor company’s stock valued at $189,639,000 after buying an additional 2,375,385 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Lam Research by 892.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 477,221 shares of the semiconductor company’s stock valued at $34,470,000 after buying an additional 429,150 shares in the last quarter. Finally, Americana Partners LLC lifted its position in Lam Research by 599.2% during the fourth quarter. Americana Partners LLC now owns 3,426 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 2,936 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Trading Up 4.6 %

Shares of NASDAQ LRCX opened at $86.52 on Wednesday. The company has a market cap of $111.06 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $77.58 and its 200 day simple moving average is $77.79.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts expect that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, KeyCorp upgraded shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target 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.