Veracity Capital LLC Makes New $333,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Veracity Capital LLC bought a new stake in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,612 shares of the semiconductor company’s stock, valued at approximately $333,000.

A number of other institutional investors have also modified their holdings of LRCX. Atwood & Palmer Inc. acquired a new position in Lam Research in the 4th quarter valued at $27,000. West Oak Capital LLC boosted its holdings in shares of Lam Research by 50.9% in 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. Finley Financial LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $30,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in Lam Research in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. B. Riley decreased their target price on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Mizuho cut their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $95.77.

Lam Research Stock Down 2.4 %

Shares of NASDAQ:LRCX opened at $81.23 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $104.52 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.50 and a beta of 1.45. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The stock’s fifty day simple moving average is $75.11 and its 200-day simple moving average is $80.06.

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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $6.85 EPS. As a group, equities research analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. 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.