Baader Bank Aktiengesellschaft Makes New $308,000 Investment in Lam Research Co. (NASDAQ:LRCX)

Baader Bank Aktiengesellschaft purchased a new position in shares of Lam Research Co. (NASDAQ:LRCX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,270 shares of the semiconductor company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH raised its holdings in shares of Lam Research by 2.4% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock valued at $1,693,000 after purchasing an additional 49 shares in the last quarter. Quarry LP lifted its holdings in Lam Research by 175.0% during the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after buying an additional 56 shares during the period. American National Bank & Trust increased its holdings in shares of Lam Research by 34.0% in the 3rd quarter. American National Bank & Trust now owns 288 shares of the semiconductor company’s stock valued at $235,000 after acquiring an additional 73 shares during the period. Cypress Capital Group raised its position in shares of Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock worth $2,987,000 after acquiring an additional 132 shares in the last quarter. Finally, Savvy Advisors Inc. lifted its stake in shares of Lam Research by 58.3% during the 3rd quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 134 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 7.4 %

LRCX stock opened at $80.73 on Friday. 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 50-day moving average of $75.72 and a two-hundred day moving average of $78.93. The company has a market cap of $103.87 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. As a group, analysts forecast that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is presently 29.74%.

Analyst Ratings Changes

A number of equities analysts have commented on LRCX shares. Cantor Fitzgerald upgraded shares of Lam Research from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $95.00 to $100.00 in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research note on Thursday. Morgan Stanley increased their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Mizuho dropped 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. Finally, The Goldman Sachs Group lowered their target price on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently 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.