Lam Research Co. (NASDAQ:LRCX) Position Raised by KRS Capital Management LLC

KRS Capital Management LLC grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 909.1% during the 4th quarter, Holdings Channel reports. The firm owned 14,460 shares of the semiconductor company’s stock after purchasing an additional 13,027 shares during the period. Lam Research comprises 0.7% of KRS Capital Management LLC’s investment portfolio, making the stock its 25th largest position. KRS Capital Management LLC’s holdings in Lam Research were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Gabelli Funds LLC grew its holdings in Lam Research by 5.6% during the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 16 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Lam Research by 5.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 17 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in Lam Research by 2.6% during the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after purchasing an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Lam Research by 7.6% during the second quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after buying an additional 27 shares in the last quarter. Finally, Holderness Investments Co. lifted its position in shares of Lam Research by 6.8% during the 2nd quarter. Holderness Investments Co. now owns 583 shares of the semiconductor company’s stock valued at $621,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock traded up $1.08 during trading on Friday, reaching $80.30. The company’s stock had a trading volume of 10,347,143 shares, compared to its average volume of 9,876,011. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $103.32 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The stock has a 50-day moving average price of $74.68 and a two-hundred day moving average price of $80.99.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm earned $6.85 earnings per share. Lam Research’s revenue was up 19.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a report on Friday. Wolfe Research lowered shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Finally, Morgan Stanley upped their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target 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.