Lam Research Co. (NASDAQ:LRCX) Shares Bought by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 887.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,098 shares of the semiconductor company’s stock after buying an additional 3,683 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Lam Research were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. West Oak Capital LLC lifted its stake in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 135 shares during the period. Householder Group Estate & Retirement Specialist LLC raised its holdings in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Lam Research in the fourth quarter valued at about $37,000. Eagle Bay Advisors LLC boosted its holdings in Lam Research by 484.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 555 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 460 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its position in Lam Research by 900.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 550 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $83.25 on Thursday. The company has a market capitalization of $107.12 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.48 and a beta of 1.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. Lam Research Co. has a 1 year low of $68.87 and a 1 year high of $113.00. The company’s 50 day simple moving average is $74.92 and its 200 day simple moving average is $80.24.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the firm earned $6.85 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. On average, sell-side analysts predict that Lam Research Co. will post 3.51 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is 29.74%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Mizuho lowered their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.77.

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.