Farmers & Merchants Trust Co of Chambersburg PA Increases Stock Position in Lam Research Co. (NASDAQ:LRCX)

Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 460 shares of the semiconductor company’s stock after purchasing an additional 414 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Lam Research were worth $33,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LRCX. Atwood & Palmer Inc. acquired a new stake in shares of Lam Research during the fourth quarter worth about $27,000. West Oak Capital LLC raised its holdings in Lam Research by 50.9% in the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 135 shares in the last quarter. Country Trust Bank raised its holdings in Lam Research by 900.0% in the fourth quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. Finley Financial LLC acquired a new stake in Lam Research in the fourth quarter valued at approximately $30,000. Finally, Stephens Consulting LLC raised its holdings in Lam Research by 900.0% in the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 387 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $83.30 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a market cap of $106.93 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The company’s 50 day simple moving average is $77.19 and its 200-day simple moving average is $77.92. 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%. As a group, equities 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. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. Lam Research’s dividend payout ratio (DPR) is 27.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on LRCX shares. B. Riley reduced their target price 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. Mizuho reduced their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Sanford C. Bernstein raised shares of Lam Research from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $91.00 in a report on Thursday, January 30th. Barclays reduced their target price 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. Finally, Wells Fargo & Company raised their target price on shares of Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

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.