Baker Ellis Asset Management LLC Has $9.03 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Baker Ellis Asset Management LLC increased its stake in Lam Research Co. (NASDAQ:LRCX) by 886.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 124,990 shares of the semiconductor company’s stock after purchasing an additional 112,317 shares during the quarter. Lam Research makes up approximately 1.3% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Baker Ellis Asset Management LLC’s holdings in Lam Research were worth $9,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its stake in Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 16 shares during the period. Insigneo Advisory Services LLC boosted its stake in shares of Lam Research by 2.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after buying an additional 23 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Lam Research by 7.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock worth $405,000 after buying an additional 27 shares during the last quarter. Trust Co. of Toledo NA OH boosted its stake in shares of Lam Research by 2.4% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after buying an additional 49 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

LRCX opened at $83.25 on Thursday. 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 company’s fifty day moving average price is $74.92 and its two-hundred day moving average price is $80.24. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a market cap of $107.12 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.50 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its 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. 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.85 earnings per share. On average, analysts expect that Lam Research Co. will post 3.51 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. Lam Research’s dividend payout ratio is currently 29.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Mizuho cut their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. Barclays cut their target price on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. B. Riley lowered their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price 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.