53,330 Shares in Lam Research Co. (NASDAQ:LRCX) Purchased by Bristlecone Advisors LLC

Bristlecone Advisors LLC bought a new stake in shares of Lam Research Co. (NASDAQ:LRCX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 53,330 shares of the semiconductor company’s stock, valued at approximately $3,852,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC boosted its stake in Lam Research by 7.3% during the 3rd quarter. CWM LLC now owns 4,857 shares of the semiconductor company’s stock valued at $3,964,000 after purchasing an additional 332 shares in the last quarter. Mechanics Bank Trust Department boosted its position in shares of Lam Research by 36.5% during the 3rd quarter. Mechanics Bank Trust Department now owns 1,588 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 425 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Lam Research by 30.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,209 shares of the semiconductor company’s stock worth $4,251,000 after purchasing an additional 1,204 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in Lam Research by 17.9% during the third quarter. CHICAGO TRUST Co NA now owns 3,204 shares of the semiconductor company’s stock worth $2,615,000 after buying an additional 486 shares in the last quarter. Finally, Sunflower Bank N.A. acquired a new position in Lam Research in the third quarter worth approximately $202,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LRCX. Barclays decreased their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Cantor Fitzgerald upgraded Lam Research from a “neutral” rating to an “overweight” rating and increased their target price for the company from $95.00 to $100.00 in a report on Thursday, January 30th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Price Performance

NASDAQ:LRCX opened at $82.33 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The company has a fifty day moving average price of $76.92 and a 200 day moving average price of $78.19. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The stock has a market cap of $105.68 billion, a P/E ratio of 25.01, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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%. Analysts anticipate that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) 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.