PKO Investment Management Joint Stock Co Takes Position in Lam Research Co. (NASDAQ:LRCX)

PKO Investment Management Joint Stock Co acquired a new stake in Lam Research Co. (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the semiconductor company's stock, valued at approximately $7,223,000. Lam Research comprises 0.9% of PKO Investment Management Joint Stock Co's holdings, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of LRCX. One Charles Private Wealth Services LLC increased its position in Lam Research by 843.4% during the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock worth $289,000 after purchasing an additional 3,576 shares during the last quarter. Avior Wealth Management LLC increased its position in Lam Research by 1,020.6% during the fourth quarter. Avior Wealth Management LLC now owns 1,524 shares of the semiconductor company's stock worth $110,000 after purchasing an additional 1,388 shares during the last quarter. Brighton Jones LLC increased its position in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Lam Research by 892.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,966 shares of the semiconductor company's stock worth $142,000 after buying an additional 1,768 shares during the period. Finally, Flagship Harbor Advisors LLC grew its stake in Lam Research by 832.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 5,890 shares of the semiconductor company's stock worth $425,000 after buying an additional 5,258 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the stock a "hold" rating in a research note on Thursday, April 24th. Bank of America decreased their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on shares of Lam Research from $85.00 to $75.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and boosted their price objective for the stock from $75.00 to $125.00 in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.56.

Lam Research Stock Performance

Shares of Lam Research stock traded down $3.84 during trading hours on Friday, reaching $80.32. The company's stock had a trading volume of 19,188,650 shares, compared to its average volume of 12,266,789. The company's 50 day simple moving average is $73.45 and its 200 day simple moving average is $75.94. 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 Co. has a one year low of $56.32 and a one year high of $113.00. The stock has a market cap of $102.74 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter last year, the company earned $7.79 EPS. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, analysts expect that Lam Research Co. will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a yield of 1.15%. Lam Research's payout ratio is 25.63%.

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.