Martin Capital Advisors LLP Increases Stake in Lam Research Co.

Martin Capital Advisors LLP has significantly increased its investment in Lam Research Co. (NASDAQ:LRCX) during the fourth quarter. Their recent filing with the Securities and Exchange Commission (SEC) reveals a remarkable increase of 932.9% in their share holdings. After acquiring an additional 28,380 shares, Martin Capital now owns a total of 31,422 shares in this leading semiconductor company. With Lam Research constituting approximately 1.5% of their total investment portfolio, it is currently their 16th largest asset. The value of Martin Capital Advisors LLP's holdings in Lam Research is estimated at $2,270,000 as of the last quarter.

Institutional Investor Activity

Other institutional investors and hedge funds have also shown interest in Lam Research. For instance, LJI Wealth Management LLC has boosted its stake in the company by an astonishing 949.8% during the same quarter, now owning 6,645 shares worth about $480,000 after purchasing 6,012 additional shares. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA made a new investment in Lam Research valued at approximately $47,000. Similarly, Newbridge Financial Services Group Inc. and Kestra Private Wealth Services LLC have also increased their stakes by significant margins. After acquiring an additional 28,494 shares, Kestra now holds 30,595 shares valued at around $2,210,000. Furthermore, Stephens Inc. AR expanded its investment by 1,410.7%, holding 6,194 shares valued at $447,000. Overall, institutional investors own 84.61% of Lam Research's stock.

Analyst Insights on Lam Research

Lam Research has attracted attention from various Wall Street analysts. Stifel Nicolaus maintained a "buy" rating with a target price of $100.00, adjusted from a previous $105.00. Needham & Company LLC also reaffirmed a "buy" rating with a price target of $90.00. In addition, Wells Fargo & Company has revised their target price from $82.00 to $85.00, classifying the stock as "equal weight." B. Riley adjusted its target from $132.50 to $105.00 while keeping a "buy" rating. Sanford C. Bernstein upgraded their rating from "market perform" to "outperform" and increased their target price to $91.00. Analysis from MarketBeat indicates that Lam Research has received seven hold ratings and sixteen buy ratings, resulting in an overall average rating of "Moderate Buy" with a consensus target price of $95.72.

Performance Metrics of Lam Research

As of Friday, shares of Lam Research opened at $82.33. The stock has witnessed a 50-day moving average of $76.92 and a 200-day moving average of $78.32. Over the past year, the shares hit a low of $68.87 and a high of $113.00. Lam Research boasts a market capitalization of $105.68 billion, with a price-to-earnings (PE) ratio of 25.01 and a price-to-earnings-growth (PEG) ratio of 1.37. Additionally, it has a beta of 1.46, a debt-to-equity ratio of 0.51, a current ratio of 2.54, and a quick ratio of 1.73.

Dividend Announcement

Lam Research recently announced a quarterly dividend, set to be paid on April 9th. Shareholders recorded as of March 5th will receive a dividend of $0.23 per share, totaling an annualized payout of $0.92. This represents a dividend yield of 1.12%, with the ex-dividend date also marked as March 5th. The company's payout ratio stands at 27.95%.

About Lam Research

Lam Research Corporation specializes in designing, manufacturing, marketing, refurbishing, and servicing equipment used in the semiconductor industry for integrated circuit fabrication. Among their product offerings are ALTUS systems for tungsten metallization, SABRE products for copper interconnect, SOLA thermal processing products, and VECTOR plasma-enhanced CVD ALD products.

investment, semiconductor, shares