Fortem Financial Group LLC Grows Position in Lam Research Co. (NASDAQ:LRCX)

Fortem Financial Group LLC grew its stake in Lam Research Co. (NASDAQ:LRCX) by 928.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,910 shares of the semiconductor company’s stock after buying an additional 3,530 shares during the period. Fortem Financial Group LLC’s holdings in Lam Research were worth $282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Modus Advisors LLC acquired a new position in Lam Research in the 4th quarter worth approximately $59,000. Quarry LP increased its stake in shares of Lam Research by 175.0% in the second quarter. Quarry LP now owns 88 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 56 shares during the period. General Partner Inc. raised its holdings in shares of Lam Research by 900.0% during the fourth quarter. General Partner Inc. now owns 1,740 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 1,566 shares during the last quarter. Versant Capital Management Inc acquired a new position in Lam Research during the fourth quarter valued at $159,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Lam Research by 2,400.0% during the third 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. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LRCX. BNP Paribas upgraded Lam Research to a “hold” rating in a research note on Thursday, October 24th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Wells Fargo & Company lowered their price objective on Lam Research from $85.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, December 6th. Sanford C. Bernstein dropped their price objective on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. Finally, Citigroup decreased their target price on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.24.

Lam Research Stock Up 3.8 %

NASDAQ LRCX opened at $77.98 on Tuesday. The business has a fifty day moving average price of $74.67 and a 200 day moving average price of $82.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The company has a market cap of $100.34 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.22 and a beta of 1.45. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business posted $6.85 earnings per share. Lam Research’s quarterly revenue was up 19.7% on a year-over-year basis. Research analysts anticipate 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. Shareholders of record on Wednesday, December 11th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a yield of 1.18%. Lam Research’s payout ratio is 29.77%.

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.