Kozak & Associates Inc. Decreases Holdings in Lam Research Co. (NASDAQ:LRCX)

Kozak & Associates Inc. lessened its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 73.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 918 shares of the semiconductor company’s stock after selling 2,485 shares during the quarter. Kozak & Associates Inc.’s holdings in Lam Research were worth $69,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Modus Advisors LLC purchased a new position in Lam Research during the fourth quarter worth about $59,000. Quarry LP increased its holdings in Lam Research by 175.0% in the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 56 shares during the last quarter. General Partner Inc. lifted its stake in Lam Research by 900.0% during the fourth quarter. General Partner Inc. now owns 1,740 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,566 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Lam Research in the 4th quarter valued at $159,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 192 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 target price on shares of Lam Research in a research note on Thursday, October 24th. StockNews.com downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. BNP Paribas raised shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Finally, Citigroup cut their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.24.

Lam Research Stock Up 4.4 %

NASDAQ:LRCX traded up $3.29 during trading hours on Monday, reaching $78.40. The company’s stock had a trading volume of 7,072,519 shares, compared to its average volume of 7,939,857. The business’s 50-day moving average is $74.62 and its 200-day moving average is $82.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a market cap of $100.88 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.85 EPS. Equities research analysts predict that Lam Research Co. will post 3.5 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. Lam Research’s payout ratio is presently 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.