Stock Yards Bank & Trust Co. Has $261,000 Position in Lam Research Co. (NASDAQ:LRCX)

Stock Yards Bank & Trust Co. increased its stake in Lam Research Co. (NASDAQ:LRCX) by 931.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,620 shares of the semiconductor company’s stock after purchasing an additional 3,269 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Lam Research were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. GPS Wealth Strategies Group LLC lifted its holdings in shares of Lam Research by 901.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 22,807 shares of the semiconductor company’s stock worth $1,647,000 after buying an additional 20,529 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Lam Research by 783.9% during the fourth quarter. CENTRAL TRUST Co now owns 22,832 shares of the semiconductor company’s stock worth $1,649,000 after buying an additional 20,249 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Lam Research by 832.4% during the fourth quarter. Valley National Advisers Inc. now owns 47,402 shares of the semiconductor company’s stock worth $3,423,000 after buying an additional 42,318 shares during the last quarter. Western Pacific Wealth Management LP lifted its holdings in shares of Lam Research by 969.6% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,583 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,435 shares during the last quarter. Finally, WFA Asset Management Corp increased its position in shares of Lam Research by 900.0% during the fourth quarter. WFA Asset Management Corp now owns 870 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 783 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Stifel Nicolaus restated a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Wolfe Research cut Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. Finally, KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Trading Down 0.3 %

Shares of LRCX opened at $79.91 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The firm has a market capitalization of $102.82 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. The stock’s fifty day simple moving average is $76.18 and its 200-day simple moving average is $78.44.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, research analysts predict that Lam Research Co. will post 3.69 earnings per share for the current year.

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.