Lam Research Co. (NASDAQ:LRCX) Stock Position Lifted by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. increased its stake in Lam Research Co. (NASDAQ:LRCX) by 886.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,792 shares of the semiconductor company’s stock after purchasing an additional 314,349 shares during the quarter. Lam Research comprises about 1.8% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 14th biggest holding. Neville Rodie & Shaw Inc.’s holdings in Lam Research were worth $25,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. CWA Asset Management Group LLC lifted its stake in shares of Lam Research by 994.9% in the 4th quarter. CWA Asset Management Group LLC now owns 31,720 shares of the semiconductor company’s stock worth $2,291,000 after acquiring an additional 28,823 shares during the period. Pensionfund Sabic lifted its position in Lam Research by 1,650.0% in the fourth quarter. Pensionfund Sabic now owns 28,000 shares of the semiconductor company’s stock worth $2,022,000 after purchasing an additional 26,400 shares during the period. Everence Capital Management Inc. grew its stake in shares of Lam Research by 581.1% in the 4th quarter. Everence Capital Management Inc. now owns 27,740 shares of the semiconductor company’s stock worth $2,004,000 after purchasing an additional 23,667 shares during the last quarter. General Partner Inc. lifted its stake in Lam Research by 900.0% during the fourth quarter. General Partner Inc. now owns 1,740 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 1,566 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in Lam Research during the fourth quarter valued at approximately $59,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX traded up $4.03 on Monday, reaching $79.14. The stock had a trading volume of 5,622,824 shares, compared to its average volume of 7,464,229. The company has a market capitalization of $101.83 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.22 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 quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $74.62 and a 200-day moving average price of $82.66.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business earned $6.85 earnings per share. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. Research analysts forecast that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. Lam Research’s payout ratio is 29.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRCX. Cantor Fitzgerald restated a “neutral” rating and issued a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Mizuho cut their target price on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Wells Fargo & Company cut their target price on shares of Lam Research from $85.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, December 6th. Finally, UBS Group cut their target price on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.24.

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.