CENTRAL TRUST Co cut its holdings in Lam Research Co. (NASDAQ:LRCX) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,048 shares of the semiconductor company’s stock after selling 807 shares during the period. CENTRAL TRUST Co’s holdings in Lam Research were worth $2,586,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Krilogy Financial LLC raised its stake in Lam Research by 91.6% in the 3rd quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 263 shares during the last quarter. Odey Holdings AG raised its stake in Lam Research by 9.9% in the 2nd quarter. Odey Holdings AG now owns 810 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 73 shares during the last quarter. Bollard Group LLC acquired a new position in Lam Research in the 3rd quarter valued at about $130,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Lam Research in the 3rd quarter valued at about $134,000. Finally, Sun Life Financial INC raised its stake in Lam Research by 10,672.7% in the 2nd quarter. Sun Life Financial INC now owns 1,185 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 1,174 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.
LRCX has been the subject of several analyst reports. Vetr downgraded shares of Lam Research from a “buy” rating to a “hold” rating and set a $196.77 target price for the company. in a research note on Monday, October 16th. BidaskClub raised shares of Lam Research from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Susquehanna Bancshares raised shares of Lam Research from a “neutral” rating to a “positive” rating and boosted their target price for the company from $200.00 to $250.00 in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Lam Research from a “hold” rating to a “buy” rating and set a $234.00 target price for the company in a research note on Tuesday. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Lam Research in a research note on Monday. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Lam Research has an average rating of “Buy” and an average target price of $222.98.
Lam Research Co. (NASDAQ:LRCX) opened at $215.07 on Wednesday. Lam Research Co. has a one year low of $112.86 and a one year high of $219.70. The company has a current ratio of 3.31, a quick ratio of 2.83 and a debt-to-equity ratio of 0.24. The company has a market cap of $34,830.00, a PE ratio of 19.64, a PEG ratio of 0.95 and a beta of 1.57.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Lam Research’s previous quarterly dividend of $0.45. Lam Research’s dividend payout ratio is currently 18.26%.
Lam Research announced that its board has initiated a share buyback program on Tuesday, November 14th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Lam Research Company Profile
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Co. (NASDAQ:LRCX).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.