Martin Capital Advisors LLP Expands Stake in Lam Research Co. by Significant Percentage

Martin Capital Advisors LLP has notably boosted its investment in Lam Research Co. (NASDAQ:LRCX) by a staggering 932.9% during the fourth quarter. This information comes from the company's recent Form 13F submission to the Securities and Exchange Commission (SEC). Following this investment, the firm now holds a total of 31,422 shares of this semiconductor company, having acquired an additional 28,380 shares in the quarter.

Currently, Lam Research constitutes approximately 1.5% of Martin Capital Advisors LLP's overall investment portfolio, positioning it as the fund's 16th largest holding. At the end of the last quarter, the value of Martin Capital Advisors LLP's stake in Lam Research was approximately $2,270,000.

Other Institutional Investments in Lam Research

In addition to Martin Capital Advisors LLP, several other institutional investors have also adjusted their holdings in Lam Research. For instance, LJI Wealth Management LLC significantly increased its position in the semiconductor company by 949.8% in the last quarter, acquiring an additional 6,012 shares to bring its total to 6,645 shares, valued at $480,000.

Similarly, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA established a new stake in Lam Research worth around $47,000, while Newbridge Financial Services Group Inc. purchased a new position valued at approximately $238,000 during the same period. Moreover, Kestra Private Wealth Services LLC expanded its stake in Lam Research by 1,356.2%, now holding 30,595 shares valued at $2,210,000 after acquiring an additional 28,494 shares. Lastly, Stephens Inc. AR increased its holdings by 1,410.7%, owning 6,194 shares valued at $447,000 after acquiring 5,784 shares in the last quarter. Overall, 84.61% of Lam Research's stock is controlled by institutional investors.

Analyst Ratings and Growth Forecasts for LRCX

Analysts have recently provided updates on Lam Research, with LRCX being a common subject in various reports. Stifel Nicolaus reiterated a "buy" rating and set a $100.00 target price, down from a previous target of $105.00. Other analysts, such as Needham & Company LLC, maintained a "buy" rating with a price objective of $90.00.

Wells Fargo & Company also raised its price target for Lam Research from $82.00 to $85.00, assigning an "equal weight" rating in a report. Additionally, B. Riley reduced their target from $132.50 to $105.00 while keeping a "buy" rating on the stock. Sanford C. Bernstein elevated their rating from "market perform" to "outperform" while increasing the price target from $85.00 to $91.00. The consensus among analysts indicates that Lam Research is rated as a "Moderate Buy" with an average target price of $95.72, supported by seven analysts assigning a hold rating and sixteen recommending a buy.

Current Stock Performance Summary

As of the latest trading day, Lam Research shares opened at $82.33. The stock has displayed fluctuations with a 50-day moving average of $76.92 and a 200-day moving average of $78.32. Over the past year, the company has recorded a low of $68.87 and a high of $113.00. With a market capitalization of $105.68 billion, Lam Research currently has a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.37, and a beta of 1.46. Other financial attributes include a debt-to-equity ratio of 0.51, a current ratio of 2.54, and a quick ratio standing at 1.73.

Earnings Performance and Dividend Announcement

Lam Research most recently announced its earnings results on January 29th, revealing an earnings per share (EPS) of $0.91, surpassing the consensus estimate of $0.87 by a margin of $0.04. The company achieved a net profit margin of 26.49% and a notable return on equity of 51.86%. Overviewing future forecasts, analysts predict that Lam Research Co. will report an EPS of 3.69 for the current year.

Additionally, Lam Research has declared a quarterly dividend that is set to be paid on April 9th. Stockholders of record on March 5th will receive a dividend of $0.23 per share, amounting to an annualized dividend of $0.92, representing a yield of 1.12%. The ex-dividend date is also scheduled for March 5th, and the company's payout ratio stands at 27.95%.

About Lam Research Corporation

Lam Research Corporation specializes in designing, manufacturing, marketing, refurbishing, and servicing equipment used in semiconductor processing crucial for integrated circuit fabrication. Their offerings include ALTUS systems for tungsten metallization applications, SABRE products for copper interconnect, SOLA products for ultraviolet thermal processing, and VECTOR products for plasma-enhanced CVD ALD applications.

investment, semiconductors, stock