Foster & Motley Inc. Purchases 12,263 Shares of Lam Research Co. (NASDAQ:LRCX)

Foster & Motley Inc. lifted its position in shares of Lam Research Co. (NASDAQ:LRCX) by 1,691.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,988 shares of the semiconductor company’s stock after acquiring an additional 12,263 shares during the period. Foster & Motley Inc.’s holdings in Lam Research were worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH increased its stake in shares of Lam Research by 2.4% in the third quarter. Trust Co. of Toledo NA OH now owns 2,074 shares of the semiconductor company’s stock worth $1,693,000 after purchasing an additional 49 shares in the last quarter. Quarry LP grew its stake in 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 in the last quarter. American National Bank & Trust grew its stake in Lam Research by 34.0% during the third 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 in the last quarter. Cypress Capital Group grew its stake in Lam Research by 3.7% during the third quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after acquiring an additional 132 shares in the last quarter. Finally, Savvy Advisors Inc. grew its stake in Lam Research by 58.3% during the third quarter. Savvy Advisors Inc. now owns 364 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 7.4 %

Shares of LRCX opened at $80.73 on Friday. The stock has a market capitalization of $103.87 billion, a P/E ratio of 26.09, a PEG ratio of 1.53 and a beta of 1.45. 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 firm has a fifty day simple moving average of $75.72 and a two-hundred day simple moving average of $78.93. Lam Research Co. has a twelve month low of $68.87 and a twelve 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%. On average, research analysts anticipate that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on LRCX. Mizuho reduced their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. B. Riley cut their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research note on Thursday. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Finally, KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

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.