Ieq Capital LLC Buys 137,735 Shares of Lam Research Co. (NASDAQ:LRCX)

Ieq Capital LLC boosted its holdings in Lam Research Co. (NASDAQ:LRCX) by 891.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,188 shares of the semiconductor company’s stock after acquiring an additional 137,735 shares during the period. Ieq Capital LLC’s holdings in Lam Research were worth $11,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares during the period. Insight Wealth Partners LLC acquired a new position in Lam Research in the 3rd quarter valued at $202,000. B&L Asset Management LLC acquired a new position in Lam Research in the 3rd quarter valued at $204,000. CWC Advisors LLC. acquired a new position in Lam Research in the 3rd quarter valued at $220,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Lam Research in the 3rd quarter valued at $220,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $87.66 on Thursday. 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 firm has a market capitalization of $112.53 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. Lam Research Co. has a twelve month low of $68.87 and a twelve month high of $113.00. The stock’s 50-day simple moving average is $78.00 and its 200 day simple moving average is $77.90.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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%. On average, analysts anticipate that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.05%. Lam Research’s dividend payout ratio (DPR) is 27.95%.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research reports. Mizuho decreased their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. 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 report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Lam Research in a report on Tuesday. 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 report on Friday, January 17th. Finally, Morgan Stanley increased their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $95.72.

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.