Trust Co. of Vermont Buys 28,044 Shares of Lam Research Co. (NASDAQ:LRCX)

Trust Co. of Vermont raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 716.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,961 shares of the semiconductor company’s stock after buying an additional 28,044 shares during the quarter. Trust Co. of Vermont’s holdings in Lam Research were worth $2,309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LRCX. Quarry LP raised its holdings in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 56 shares during the last quarter. NCP Inc. bought a new stake in Lam Research during the 2nd quarter worth approximately $213,000. Migdal Insurance & Financial Holdings Ltd. grew 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 in the last quarter. Mill Creek Capital Advisors LLC purchased a new position in shares of Lam Research in the second quarter valued at $226,000. Finally, MQS Management LLC bought a new position in Lam Research during the second quarter valued at $228,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Trading Up 1.4 %

Shares of NASDAQ:LRCX traded up $1.08 during midday trading on Friday, reaching $80.30. The company had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm has a market cap of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a fifty day simple moving average of $74.68 and a two-hundred day simple moving average of $80.99.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the business posted $6.85 EPS. Research analysts predict that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent analyst reports. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Mizuho cut their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. B. Riley cut their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research 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.