Lam Research Co. (NASDAQ:LRCX) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in shares of Lam Research Co. (NASDAQ:LRCX) by 8.7% during the 4th quarter, Holdings Channel reports. The firm owned 173,887 shares of the semiconductor company’s stock after purchasing an additional 13,974 shares during the period. Sanctuary Advisors LLC’s holdings in Lam Research were worth $12,560,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LRCX. Atwood & Palmer Inc. acquired a new position in shares of Lam Research during the 4th quarter valued at $27,000. West Oak Capital LLC increased its position in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 135 shares during the period. Country Trust Bank increased its position in shares of Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Finley Financial LLC acquired a new position in shares of Lam Research during the 4th quarter valued at $30,000. Finally, Stephens Consulting LLC increased its position in shares of Lam Research by 900.0% during the 4th quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 387 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LRCX has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a report on Tuesday. Wells Fargo & Company lifted their target price on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.72.

Lam Research Price Performance

LRCX opened at $86.52 on Wednesday. The stock has a market cap of $111.06 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.37 and a beta of 1.46. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. 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 stock has a fifty day moving average price of $77.58 and a 200 day moving average price of $77.79.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Analysts forecast that Lam Research Co. will post 3.69 EPS for the current fiscal 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.06%. Lam Research’s dividend payout ratio is currently 27.96%.

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.