Eagle Bay Advisors LLC Buys 460 Shares of Lam Research Co. (NASDAQ:LRCX)

Eagle Bay Advisors LLC lifted its position in Lam Research Co. (NASDAQ:LRCX) by 484.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 555 shares of the semiconductor company’s stock after purchasing an additional 460 shares during the period. Eagle Bay Advisors LLC’s holdings in Lam Research were worth $40,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gabelli Funds LLC lifted its holdings in shares of Lam Research by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 300 shares of the semiconductor company’s stock worth $319,000 after buying an additional 16 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Lam Research by 5.6% in the second quarter. Benjamin Edwards Inc. now owns 320 shares of the semiconductor company’s stock valued at $341,000 after acquiring an additional 17 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in Lam Research by 2.6% in the second quarter. Insigneo Advisory Services LLC now owns 907 shares of the semiconductor company’s stock worth $966,000 after acquiring an additional 23 shares during the period. Stock Yards Bank & Trust Co. increased its position in Lam Research by 8.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 316 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 25 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Lam Research by 7.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 380 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $74.45 on Tuesday. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $95.79 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.22 and a beta of 1.45. The business’s 50 day moving average price is $74.72 and its 200 day moving average price is $81.43.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. Lam Research’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $6.85 earnings per share. On average, sell-side analysts expect that Lam Research Co. will post 3.5 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.24%. Lam Research’s payout ratio is 29.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein dropped their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Mizuho dropped their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company reduced their target price on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

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.