Shepherd Financial Partners LLC Acquires 5,232 Shares of Lam Research Co. (NASDAQ:LRCX)

Shepherd Financial Partners LLC boosted its stake in Lam Research Co. (NASDAQ:LRCX) by 911.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,806 shares of the semiconductor company’s stock after purchasing an additional 5,232 shares during the period. Shepherd Financial Partners LLC’s holdings in Lam Research were worth $419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. Brookstone Capital Management boosted its holdings in shares of Lam Research by 166.8% during the 3rd quarter. Brookstone Capital Management now owns 4,271 shares of the semiconductor company’s stock valued at $3,485,000 after purchasing an additional 2,670 shares during the last quarter. CWM LLC grew its stake in shares of Lam Research by 7.3% in the 3rd quarter. CWM LLC now owns 4,857 shares of the semiconductor company’s stock worth $3,964,000 after buying an additional 332 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Lam Research during the 3rd quarter valued at about $2,308,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Lam Research by 37.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,865 shares of the semiconductor company’s stock valued at $6,418,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Peak Financial Advisors LLC increased its stake in Lam Research by 20.6% during the third quarter. Peak Financial Advisors LLC now owns 3,587 shares of the semiconductor company’s stock worth $2,927,000 after acquiring an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Friday, January 17th. Cantor Fitzgerald raised shares of Lam Research from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $95.00 to $100.00 in a report on Thursday, January 30th. Barclays cut their price objective on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus restated 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, Mizuho dropped their price target on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $95.72.

Lam Research Trading Down 0.6 %

Shares of LRCX stock opened at $82.33 on Friday. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00. The firm has a market cap of $105.93 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46. The company has a 50-day moving average of $76.75 and a two-hundred day moving average of $78.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX) last released its 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 return on equity of 51.86% and a net margin of 26.49%. On average, analysts predict that Lam Research Co. will post 3.69 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.12%. Lam Research’s payout ratio is 27.95%.

About Lam Research

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.