Lam Research Co. (NASDAQ:LRCX) Holdings Increased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. grew its stake in shares of Lam Research Co. (NASDAQ:LRCX) by 1,179.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,540 shares of the semiconductor company’s stock after buying an additional 6,029 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Lam Research were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 192 shares during the last quarter. Insight Wealth Partners LLC acquired a new position in shares of Lam Research in the 3rd quarter worth approximately $202,000. B&L Asset Management LLC acquired a new position in shares of Lam Research in the 3rd quarter worth approximately $204,000. CWC Advisors LLC. acquired a new position in shares of Lam Research in the 3rd quarter worth approximately $220,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Lam Research in the 3rd quarter worth approximately $220,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.7 %

Shares of Lam Research stock opened at $83.73 on Tuesday. The stock has a market capitalization of $107.48 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $76.92 and a 200 day simple moving average of $78.06. 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 earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. Research analysts expect that Lam Research Co. will post 3.69 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LRCX shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. B. Riley cut their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, Barclays cut their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target 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.