West Oak Capital LLC Has $29,000 Stock Position in Lam Research Co. (NASDAQ:LRCX)

West Oak Capital LLC boosted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 50.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400 shares of the semiconductor company’s stock after buying an additional 135 shares during the period. West Oak Capital LLC’s holdings in Lam Research were worth $29,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its stake 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 in the last quarter. NCP Inc. acquired a new stake in Lam Research during the second quarter worth $213,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock worth $163,000 after buying an additional 192 shares in the last quarter. Excalibur Management Corp acquired a new stake in Lam Research during the second quarter worth $225,000. Finally, Mill Creek Capital Advisors LLC acquired a new stake in Lam Research during the second quarter worth $226,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LRCX shares. Wells Fargo & Company cut their price objective on Lam Research from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Mizuho cut their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. B. Riley cut their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein cut their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, November 29th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.65.

Lam Research Price Performance

Shares of LRCX opened at $74.65 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock has a 50 day simple moving average of $74.72 and a 200 day simple moving average of $81.96. Lam Research Co. has a 52-week low of $68.87 and a 52-week high of $113.00. The firm has a market capitalization of $96.05 billion, a PE ratio of 24.13, a P/E/G ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping 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 company 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 posted $6.85 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts predict that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

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.