Marietta Investment Partners LLC Has $898,000 Holdings in Lam Research Co. (NASDAQ:LRCX)

Marietta Investment Partners LLC raised its position in Lam Research Co. (NASDAQ:LRCX) by 850.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,430 shares of the semiconductor company’s stock after acquiring an additional 11,122 shares during the period. Marietta Investment Partners LLC’s holdings in Lam Research were worth $898,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Umpqua Bank boosted its position in shares of Lam Research by 964.6% during the fourth quarter. Umpqua Bank now owns 43,490 shares of the semiconductor company’s stock valued at $3,264,000 after buying an additional 39,405 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Lam Research by 1,219.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 10,750 shares of the semiconductor company’s stock worth $776,000 after purchasing an additional 9,935 shares during the last quarter. Capco Asset Management LLC boosted its position in Lam Research by 885.3% in the fourth quarter. Capco Asset Management LLC now owns 256,027 shares of the semiconductor company’s stock worth $18,493,000 after purchasing an additional 230,043 shares during the last quarter. Sei Investments Co. boosted its position in Lam Research by 879.7% in the fourth quarter. Sei Investments Co. now owns 1,484,793 shares of the semiconductor company’s stock worth $107,244,000 after purchasing an additional 1,333,242 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Lam Research by 1,093.5% in the fourth quarter. American Century Companies Inc. now owns 1,306,829 shares of the semiconductor company’s stock worth $94,392,000 after purchasing an additional 1,197,337 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LRCX shares. Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and boosted their target price for the company from $75.00 to $125.00 in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Wells Fargo & Company boosted their price objective 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. Finally, Morgan Stanley boosted their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.06.

Lam Research Trading Down 2.2 %

Shares of LRCX stock opened at $75.84 on Friday. The stock has a market capitalization of $97.35 billion, a PE ratio of 23.04, a P/E/G ratio of 1.47 and a beta of 1.53. 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 of $79.62 and a 200 day moving average of $77.32. 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%. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.71 earnings per share for the current 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.96%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares of the company’s stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.