Nikulski Financial Inc. Purchases 47,025 Shares of Lam Research Co. (NASDAQ:LRCX)

Nikulski Financial Inc. boosted its position in Lam Research Co. (NASDAQ:LRCX) by 913.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,173 shares of the semiconductor company’s stock after acquiring an additional 47,025 shares during the period. Lam Research accounts for 1.1% of Nikulski Financial Inc.’s portfolio, making the stock its 24th largest position. Nikulski Financial Inc.’s holdings in Lam Research were worth $3,768,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LRCX. Van ECK Associates Corp boosted its holdings in Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after buying an additional 15,005,178 shares during the last quarter. State Street Corp boosted its holdings in Lam Research by 1.6% during the third quarter. State Street Corp now owns 5,886,676 shares of the semiconductor company’s stock worth $4,817,113,000 after buying an additional 94,086 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lam Research by 2.1% during the third quarter. Geode Capital Management LLC now owns 3,120,511 shares of the semiconductor company’s stock worth $2,539,413,000 after buying an additional 64,053 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Lam Research during the fourth quarter worth about $175,652,000. Finally, Fisher Asset Management LLC boosted its holdings in Lam Research by 0.6% during the third quarter. Fisher Asset Management LLC now owns 1,871,473 shares of the semiconductor company’s stock worth $1,527,273,000 after buying an additional 11,093 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 1.9 %

LRCX stock opened at $79.68 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The business’s 50 day simple moving average is $75.43 and its 200 day simple moving average is $80.07. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $102.52 billion, a PE ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the prior year, the business earned $6.85 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, research analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho reduced their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Lam Research in a report on Thursday, October 24th. Barclays cut their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus reiterated a “buy” rating and set a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.