Lyell Wealth Management LP Buys 5,040 Shares of Lam Research Co. (NASDAQ:LRCX)

Lyell Wealth Management LP increased its stake in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,600 shares of the semiconductor company’s stock after purchasing an additional 5,040 shares during the period. Lyell Wealth Management LP’s holdings in Lam Research were worth $404,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in Lam Research by 240.4% in the fourth quarter. Global Retirement Partners LLC now owns 6,457 shares of the semiconductor company’s stock valued at $466,000 after buying an additional 4,560 shares in the last quarter. Convergence Investment Partners LLC boosted its stake in Lam Research by 8,337.5% in the fourth quarter. Convergence Investment Partners LLC now owns 23,878 shares of the semiconductor company’s stock valued at $1,725,000 after buying an additional 23,595 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Lam Research by 882.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,590,810 shares of the semiconductor company’s stock valued at $114,904,000 after buying an additional 1,428,929 shares in the last quarter. Mcdonald Partners LLC boosted its stake in Lam Research by 981.3% in the fourth quarter. Mcdonald Partners LLC now owns 7,980 shares of the semiconductor company’s stock valued at $576,000 after buying an additional 7,242 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Lam Research by 49.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,751 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 1,891 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LRCX shares. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Mizuho cut their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Lam Research in a research note on Thursday, January 30th. Finally, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Trading Up 1.2 %

Shares of LRCX stock opened at $87.66 on Thursday. The company has a market cap of $112.53 billion, a P/E ratio of 26.63, a PEG ratio of 1.36 and a beta of 1.46. The stock has a 50 day simple moving average of $78.00 and a two-hundred day simple moving average of $77.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

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 return on equity of 51.86% and a net margin of 26.49%. Research analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.05%. Lam Research’s dividend payout ratio is 27.95%.

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.