Lam Research Co. (NASDAQ:LRCX) Shares Acquired by Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its position in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,000 shares of the semiconductor company’s stock after acquiring an additional 101,700 shares during the quarter. Lam Research accounts for about 1.3% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings, making the stock its 24th biggest holding. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management’s holdings in Lam Research were worth $8,162,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LRCX. Atwood & Palmer Inc. purchased a new stake in Lam Research during the fourth quarter worth approximately $27,000. West Oak Capital LLC grew its position in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Finley Financial LLC acquired a new stake in Lam Research during the 4th quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC boosted its stake in Lam Research by 159.1% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Lam Research during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of several research reports. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley increased their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Sanford C. Bernstein cut their target price on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a report on Friday, November 29th. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, KeyCorp raised 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. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Stock Performance

NASDAQ:LRCX opened at $81.23 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The firm’s fifty day simple moving average is $75.11 and its 200-day simple moving average is $80.06. The stock has a market cap of $104.52 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the company posted $6.85 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Analysts expect that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is currently 29.74%.

Lam Research Company 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.