Lam Research Co. (NASDAQ:LRCX) Shares Purchased by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 903.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,792 shares of the semiconductor company’s stock after acquiring an additional 16,019 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Lam Research were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LRCX. Dale Q Rice Investment Management Ltd bought a new stake in shares of Lam Research in the 4th quarter worth approximately $469,000. AdvisorNet Financial Inc grew its position in Lam Research by 972.6% in the fourth quarter. AdvisorNet Financial Inc now owns 6,618 shares of the semiconductor company’s stock worth $478,000 after buying an additional 6,001 shares during the last quarter. Parisi Gray Wealth Management increased its holdings in shares of Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock valued at $603,000 after buying an additional 7,241 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Lam Research during the 4th quarter valued at $376,000. Finally, Burns J W & Co. Inc. NY bought a new stake in shares of Lam Research during the 4th quarter worth $815,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ LRCX opened at $74.45 on Tuesday. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The stock’s 50-day moving average is $74.72 and its two-hundred day moving average is $81.43. The firm has a market cap of $95.79 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. 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 issued its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $6.85 EPS. On average, analysts anticipate that Lam Research Co. will post 3.5 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LRCX. Wells Fargo & Company reduced their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Sanford C. Bernstein dropped 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 research report on Friday, November 29th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Eight investment 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 stock has an average rating of “Moderate Buy” and a consensus price target of $96.59.

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.