Stonehearth Capital Management LLC Has $201,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

Stonehearth Capital Management LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 802.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,788 shares of the semiconductor company’s stock after acquiring an additional 2,479 shares during the quarter. Stonehearth Capital Management LLC’s holdings in Lam Research were worth $201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LRCX. Modus Advisors LLC purchased a new position in Lam Research during the fourth quarter valued at approximately $59,000. Quarry LP grew its holdings in shares of Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 56 shares in the last quarter. General Partner Inc. increased its stake in shares of Lam Research by 900.0% in the fourth quarter. General Partner Inc. now owns 1,740 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 1,566 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Lam Research during the fourth quarter worth $159,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Lam Research from $85.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, December 6th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a report on Thursday, October 24th. Finally, Citigroup decreased their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given 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 Stock Performance

Shares of NASDAQ LRCX traded up $0.51 during trading hours on Tuesday, reaching $78.49. The stock had a trading volume of 4,328,632 shares, compared to its average volume of 9,089,729. The company has a market cap of $100.99 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.22 and a beta of 1.45. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The business’s fifty day moving average is $74.67 and its two-hundred day moving average is $82.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned $6.85 EPS. As a group, research analysts expect that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.77%.

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.