Builder Investment Group Inc. ADV Invests $217,000 in Lam Research Co. (NASDAQ:LRCX)

Builder Investment Group Inc. ADV purchased a new position in Lam Research Co. (NASDAQ:LRCX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the semiconductor company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock worth $13,123,440,000 after acquiring an additional 15,005,178 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Lam Research in the fourth quarter worth $175,652,000. Neville Rodie & Shaw Inc. increased its stake in Lam Research by 886.9% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 349,792 shares of the semiconductor company’s stock valued at $25,266,000 after purchasing an additional 314,349 shares during the last quarter. Czech National Bank raised its holdings in shares of Lam Research by 950.4% during the fourth quarter. Czech National Bank now owns 278,979 shares of the semiconductor company’s stock worth $20,151,000 after purchasing an additional 252,420 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Lam Research by 215.4% in the 3rd quarter. Two Sigma Advisers LP now owns 341,900 shares of the semiconductor company’s stock worth $279,018,000 after buying an additional 233,500 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LRCX. Morgan Stanley increased their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group cut their price target on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 10th. B. Riley lowered their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.59.

Lam Research Price Performance

NASDAQ:LRCX opened at $76.15 on Thursday. 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 $97.98 billion, a P/E ratio of 24.61, a PEG ratio of 1.37 and a beta of 1.45. The business’s 50-day moving average price is $74.70 and its 200 day moving average price is $81.22.

Lam Research (NASDAQ:LRCX) last released 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned $6.85 earnings per share. As a group, sell-side analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Lam Research Company 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.