Bard Financial Services Inc. Raises Stock Holdings in Lam Research Co. (NASDAQ:LRCX)

Bard Financial Services Inc. raised its holdings in Lam Research Co. (NASDAQ:LRCX) by 900.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,750 shares of the semiconductor company’s stock after acquiring an additional 30,375 shares during the quarter. Bard Financial Services Inc.’s holdings in Lam Research were worth $2,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP increased its holdings in Lam Research by 175.0% during the 2nd quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 56 shares during the period. Lantz Financial LLC bought a new stake in shares of Lam Research in the second quarter valued at about $212,000. NCP Inc. bought a new position in Lam Research during the 2nd quarter worth about $213,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Lam Research by 2,400.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the period. Finally, Excalibur Management Corp bought a new stake in shares of Lam Research in the 2nd quarter valued at about $225,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock traded up $3.62 during trading hours on Monday, hitting $78.73. The company’s stock had a trading volume of 6,658,848 shares, compared to its average volume of 7,826,543. 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 company has a 50 day moving average of $74.62 and a 200 day moving average of $82.66. Lam Research Co. has a 12-month low of $68.87 and a 12-month high of $113.00. The stock has a market cap of $101.30 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned $6.85 EPS. On average, sell-side analysts forecast that Lam Research Co. will post 3.5 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Sanford C. Bernstein decreased their price objective on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Wells Fargo & Company reduced their target price on shares of Lam Research from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. UBS Group lowered their price target on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.24.

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.