Martin Capital Advisors LLP Acquires Additional Shares of Lam Research Co. (NASDAQ:LRCX)

Martin Capital Advisors LLP has significantly increased its stake in the shares of Lam Research Co. (NASDAQ:LRCX) by an impressive 932.9% in the last quarter of the financial year. As reported in their latest Form 13F submission to the Securities and Exchange Commission (SEC), the firm now holds a total of 31,422 shares after acquiring an additional 28,380 shares during the quarter. This investment represents approximately 1.5% of Martin Capital Advisors LLP's total investment portfolio, making Lam Research its 16th largest holding. By the end of the most recent quarter, the value of Martin Capital Advisors LLP's holdings in Lam Research was estimated at $2,270,000.

Other Institutional Investors in Lam Research

A number of other institutional investors and hedge funds have also made adjustments to their holdings in Lam Research. For instance, LJI Wealth Management LLC saw an increase of 949.8% in its stake during the fourth quarter, now owning 6,645 shares valued at about $480,000 after adding an additional 6,012 shares. Similarly, Kestra Private Wealth Services LLC raised its holdings by 1,356.2%, now owning 30,595 shares valued at $2,210,000 after purchasing 28,494 additional shares. Moreover, Stephens Inc. AR reported a 1,410.7% increase, now holding 6,194 shares valued at $447,000. Overall, around 84.61% of Lam Research's stock is owned by institutional investors, highlighting significant interest in the semiconductor sector.

Analyst Ratings and Predictions

Lam Research has garnered attention from analysts, with several recent reports assessing its future performance. Stifel Nicolaus maintained a "buy" rating but adjusted its target price from $105.00 to $100.00. Needham & Company LLC confirmed a "buy" rating while setting a target price of $90.00, and Wells Fargo & Company raised its price objective on shares from $82.00 to $85.00, maintaining an "equal weight" rating. Furthermore, B. Riley cut its price target from $132.50 to $105.00, sustaining a "buy" rating. As a result of these assessments, the average rating for Lam Research remains "Moderate Buy," with a consensus target price of $95.72, indicating strong potential for growth as perceived by market experts.

Current Stock Performance

As of the latest trading session, shares of LRCX opened at $82.33. The company has been trading above its 50-day moving average of $76.92 and its 200-day moving average of $78.32. Over the past year, Lam Research reached a low of $68.87 and a high of $113.00. It currently has a market capitalization of approximately $105.68 billion, a price-to-earnings (PE) ratio of 25.01, and a price-to-earnings-growth (PEG) ratio of 1.37.

Recent Earnings and Dividend Announcement

Lam Research announced its earnings results on January 29, recording earnings per share (EPS) of $0.91, surpassing the analyst consensus estimate of $0.87. The company reported a net margin of 26.49% and a remarkable return on equity of 51.86%. Analysts forecast Lam Research to achieve an EPS of 3.69 for the current year.

Additionally, the company recently declared a quarterly dividend of $0.23 per share, which is set to be paid to shareholders on April 9. The dividend yield stands at 1.12%, with an annualized dividend of $0.92, reflecting Lam Research's commitment to shareholder returns.

About Lam Research Corporation

Lam Research Corporation specializes in designing, manufacturing, and servicing semiconductor processing equipment utilized in the fabrication of integrated circuits. The firm provides various products including systems for depositing films, electrochemical deposition products for copper manufacturing, and ultraviolet thermal processing solutions.

investment, semiconductors, portfolio