Braun Stacey Associates Inc. Has $21.67 Million Holdings in Lam Research Co. (NASDAQ:LRCX)

Braun Stacey Associates Inc. grew its holdings in Lam Research Co. (NASDAQ:LRCX) by 819.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,035 shares of the semiconductor company’s stock after acquiring an additional 267,405 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Lam Research were worth $21,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LRCX. Van ECK Associates Corp boosted its stake in Lam Research by 1,394.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,081,071 shares of the semiconductor company’s stock valued at $13,123,440,000 after buying an additional 15,005,178 shares in the last quarter. Swedbank AB boosted its stake in shares of Lam Research by 1,488.8% in the 4th quarter. Swedbank AB now owns 3,069,002 shares of the semiconductor company’s stock valued at $221,674,000 after purchasing an additional 2,875,843 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Lam Research by 827.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160,523 shares of the semiconductor company’s stock worth $228,285,000 after purchasing an additional 2,819,668 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Lam Research during the fourth quarter worth approximately $175,652,000. Finally, Principal Financial Group Inc. raised its position in Lam Research by 949.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,625,490 shares of the semiconductor company’s stock valued at $189,639,000 after purchasing an additional 2,375,385 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock opened at $82.75 on Tuesday. The company has a market cap of $106.22 billion, a PE ratio of 25.14, a P/E/G ratio of 1.37 and a beta of 1.46. The business has a 50-day simple moving average of $77.48 and a 200-day simple moving average of $77.86. Lam Research Co. has a one year low of $68.87 and a one year high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, equities research analysts forecast that Lam Research Co. will post 3.69 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, March 5th. Lam Research’s dividend payout ratio (DPR) is 27.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LRCX shares. B. Riley reduced their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Mizuho lowered their target price 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. Stifel Nicolaus restated a “buy” rating and set a $100.00 target price (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Lam Research in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $95.72.

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.