FCG Investment Co Has $1.22 Million Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

FCG Investment Co lifted its position in Lam Research Co. (NASDAQ:LRCX) by 934.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,853 shares of the semiconductor company’s stock after buying an additional 15,224 shares during the quarter. FCG Investment Co’s holdings in Lam Research were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Lam Research by 1,394.7% during the third quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after acquiring an additional 15,005,178 shares during the period. Assenagon Asset Management S.A. bought a new stake in Lam Research during the 4th quarter valued at approximately $175,652,000. Janney Montgomery Scott LLC acquired a new stake in Lam Research in the 4th quarter valued at approximately $35,253,000. Guinness Asset Management LTD increased its position in Lam Research by 1,129.8% in the 4th quarter. Guinness Asset Management LTD now owns 482,156 shares of the semiconductor company’s stock worth $34,825,000 after buying an additional 442,949 shares during the period. Finally, ARS Investment Partners LLC lifted its holdings in shares of Lam Research by 908.9% during the fourth quarter. ARS Investment Partners LLC now owns 490,881 shares of the semiconductor company’s stock worth $35,456,000 after buying an additional 442,224 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Mizuho dropped their price objective on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company decreased their target price on Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Sanford C. Bernstein reduced their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research report on Friday, November 29th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.77.

Lam Research Price Performance

Shares of Lam Research stock opened at $81.23 on Friday. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.53 and a beta of 1.45. The firm’s 50-day moving average price is $75.11 and its two-hundred day moving average price is $80.06. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. Lam Research Co. has a 1-year low of $68.87 and a 1-year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.06 billion. During the same period in the prior year, the company earned $6.85 EPS. Lam Research’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, equities analysts predict that Lam Research Co. will post 3.51 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were paid 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 dividend yield of 1.13%. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

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.