6,263 Shares in Lam Research Co. (NASDAQ:LRCX) Acquired by Visionary Horizons LLC

Visionary Horizons LLC purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,263 shares of the semiconductor company’s stock, valued at approximately $452,000.

A number of other large investors have also made changes to their positions in LRCX. CWM LLC increased its position in shares of Lam Research by 7.3% during the third quarter. CWM LLC now owns 4,857 shares of the semiconductor company’s stock worth $3,964,000 after purchasing an additional 332 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Lam Research by 37.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,865 shares of the semiconductor company’s stock worth $6,418,000 after purchasing an additional 2,150 shares in the last quarter. Peak Financial Advisors LLC increased its position in shares of Lam Research by 20.6% during the third quarter. Peak Financial Advisors LLC now owns 3,587 shares of the semiconductor company’s stock worth $2,927,000 after purchasing an additional 613 shares in the last quarter. Mechanics Bank Trust Department increased its position in shares of Lam Research by 36.5% during the third quarter. Mechanics Bank Trust Department now owns 1,588 shares of the semiconductor company’s stock worth $1,296,000 after purchasing an additional 425 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Lam Research by 30.1% during the third quarter. Exchange Traded Concepts LLC now owns 5,209 shares of the semiconductor company’s stock worth $4,251,000 after purchasing an additional 1,204 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ:LRCX opened at $82.33 on Friday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $105.68 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The stock’s 50-day moving average price is $76.92 and its 200-day moving average price is $78.32.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.95%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Barclays cut their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group cut their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.72.

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.