Arlington Trust Co LLC Grows Stock Position in Lam Research Co. (NASDAQ:LRCX)

Arlington Trust Co LLC grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,644.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,390 shares of the semiconductor company’s stock after purchasing an additional 2,253 shares during the period. Arlington Trust Co LLC’s holdings in Lam Research were worth $173,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new stake in Lam Research during the 4th quarter worth $27,000. West Oak Capital LLC grew its stake in shares of Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Country Trust Bank increased its position in shares of Lam Research by 900.0% during the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 360 shares during the last quarter. Finley Financial LLC acquired a new position in shares of Lam Research in the fourth quarter worth about $30,000. Finally, Stephens Consulting LLC raised its position in shares of Lam Research by 900.0% in the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 387 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $82.33 on Monday. The firm’s 50-day simple moving average is $76.92 and its 200 day simple moving average is $78.19. The stock has a market cap of $105.68 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.37 and a beta of 1.46. 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 fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Equities analysts expect that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is presently 27.95%.

Analyst Ratings Changes

LRCX has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Sanford C. Bernstein upgraded shares of 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 note on Thursday, January 30th. Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Thursday, January 30th. Wells Fargo & Company upped their price objective on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group decreased their target price on Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.72.

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.