Raleigh Capital Management Inc. Grows Position in Lam Research Co. (NASDAQ:LRCX)

Raleigh Capital Management Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 923.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 901 shares of the semiconductor company’s stock after acquiring an additional 813 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Lam Research were worth $65,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Gabelli Funds LLC increased its holdings in Lam Research by 5.6% in the second quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 16 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Lam Research by 76.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,990 shares of the semiconductor company’s stock worth $5,314,000 after acquiring an additional 2,159 shares during the period. Insigneo Advisory Services LLC increased its stake in Lam Research by 2.6% in the 2nd quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock valued at $966,000 after purchasing an additional 23 shares in the last quarter. Fred Alger Management LLC raised its holdings in Lam Research by 4.4% during the second quarter. Fred Alger Management LLC now owns 6,413 shares of the semiconductor company’s stock worth $6,829,000 after purchasing an additional 269 shares during the last quarter. Finally, AXA S.A. boosted its position in Lam Research by 13.9% during the second quarter. AXA S.A. now owns 42,230 shares of the semiconductor company’s stock worth $44,969,000 after purchasing an additional 5,155 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on LRCX. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Lam Research in a research note on Thursday, October 24th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Finally, StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Stock Down 2.4 %

LRCX opened at $81.23 on Friday. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The business has a 50-day moving average of $75.11 and a two-hundred day moving average of $80.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm 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%. Lam Research’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.85 earnings per share. On average, research analysts expect that Lam Research Co. will post 3.51 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. Lam Research’s payout ratio is 29.77%.

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.