Lam Research Co. (NASDAQ:LRCX) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC increased its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 55,280 shares of the semiconductor company’s stock after buying an additional 49,752 shares during the period. Lam Research comprises approximately 0.8% of Matthews International Capital Management LLC’s holdings, making the stock its 24th biggest position. Matthews International Capital Management LLC’s holdings in Lam Research were worth $3,993,000 as of its most recent SEC filing.

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

Lam Research Stock Down 5.1 %

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

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 given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. Lam Research’s dividend payout ratio (DPR) is currently 29.74%.

Analysts Set New Price Targets

Several brokerages have commented on LRCX. Mizuho dropped their price target on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 price objective (down previously from $105.00) on shares of Lam Research in a report on Thursday, October 24th. B. Riley cut their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Finally, Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a hold rating and fourteen have given 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 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.