Kavar Capital Partners Group LLC Invests $225,000 in Lam Research Co. (NASDAQ:LRCX)

Kavar Capital Partners Group LLC purchased a new stake in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,120 shares of the semiconductor company’s stock, valued at approximately $225,000.

A number of other institutional investors have also recently bought and sold shares of LRCX. Quarry LP raised its holdings in shares of Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 56 shares during the period. NCP Inc. purchased a new stake in shares of Lam Research in the second quarter valued at $213,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Lam Research by 2,400.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares during the period. Advisory Alpha LLC acquired a new position in Lam Research during the second quarter valued at $256,000. Finally, Silver Lake Advisory LLC purchased a new stake in Lam Research in the 2nd quarter worth about $261,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $79.68 on Monday. The company’s fifty day moving average is $75.43 and its two-hundred day moving average is $79.63. The firm has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00.

Lam Research Announces Dividend

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. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is presently 29.74%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BNP Paribas upgraded Lam Research to a “hold” rating in a report on Thursday, October 24th. B. Riley cut their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Mizuho dropped their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Finally, Wolfe Research lowered Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.77.

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.