Strategic Blueprint LLC Buys 8,994 Shares of Lam Research Co. (NASDAQ:LRCX)

Strategic Blueprint LLC raised its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,129.9% in the 4th quarter, HoldingsChannel reports. The firm owned 9,790 shares of the semiconductor company’s stock after purchasing an additional 8,994 shares during the period. Strategic Blueprint LLC’s holdings in Lam Research were worth $707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH increased its position in Lam Research by 2.4% in the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after purchasing an additional 49 shares during the last quarter. Quarry LP grew its stake in shares of 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 buying an additional 56 shares in the last quarter. American National Bank & Trust increased its holdings in shares of Lam Research by 34.0% in the 3rd quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock worth $235,000 after buying an additional 73 shares during the last quarter. Cypress Capital Group lifted its holdings in shares of Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after acquiring an additional 132 shares during the last quarter. Finally, Savvy Advisors Inc. grew its position in Lam Research by 58.3% in the third quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LRCX. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $100.00 in a research note on Thursday. Wells Fargo & Company raised their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday. 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 report on Friday, January 17th. The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Stock Performance

Shares of Lam Research stock opened at $80.73 on Friday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock’s fifty day moving average price is $75.72 and its 200-day moving average price is $78.93. The firm has a market cap of $103.87 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.53 and a beta of 1.45. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. On average, equities research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a $0.23 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.14%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

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.