Foundations Investment Advisors LLC Increases Holdings in Lam Research Co. (NASDAQ:LRCX)

Foundations Investment Advisors LLC increased its holdings in shares of Lam Research Co. (NASDAQ:LRCX) by 1,106.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,986 shares of the semiconductor company’s stock after purchasing an additional 65,104 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lam Research were worth $5,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atwood & Palmer Inc. purchased a new position in shares of Lam Research during the fourth quarter valued at about $27,000. West Oak Capital LLC boosted its stake in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 135 shares during the last quarter. Finley Financial LLC purchased a new position in Lam Research during the 4th quarter valued at approximately $30,000. Householder Group Estate & Retirement Specialist LLC increased its stake in Lam Research by 159.1% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 307 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $37,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 5.1 %

LRCX opened at $75.64 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm has a market cap of $97.32 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.53 and a beta of 1.45. Lam Research Co. has a 12 month low of $68.87 and a 12 month high of $113.00. The stock has a fifty day moving average price of $75.43 and a 200-day moving average price of $79.63.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Wednesday, December 11th. Lam Research’s payout ratio is 29.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LRCX. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Wells Fargo & Company dropped their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Morgan Stanley lifted their price target 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. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 price objective on shares of Lam Research in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.