News articles about Lam Research Corporation (NASDAQ:LRCX) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lam Research Corporation earned a news sentiment score of 0.30 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.7834390575782 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
Shares of Lam Research Corporation (NASDAQ LRCX) opened at 208.00 on Friday. Lam Research Corporation has a 52-week low of $93.69 and a 52-week high of $208.41. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 18.99 and a beta of 1.53. The firm’s 50 day moving average is $182.92 and its 200 day moving average is $160.30.
Lam Research Corporation (NASDAQ:LRCX) last announced its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 EPS for the quarter, beating the consensus estimate of $3.27 by $0.19. Lam Research Corporation had a return on equity of 30.19% and a net margin of 22.85%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $1.81 EPS. The company’s revenue was up 51.8% on a year-over-year basis. Equities analysts expect that Lam Research Corporation will post $14.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 0.87%. Lam Research Corporation’s dividend payout ratio (DPR) is presently 16.45%.
A number of research firms recently issued reports on LRCX. Argus upped their price target on shares of Lam Research Corporation from $196.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Berenberg Bank reaffirmed a “buy” rating and set a $240.00 price target on shares of Lam Research Corporation in a research note on Thursday, October 19th. Needham & Company LLC boosted their price objective on shares of Lam Research Corporation from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Bank of America Corporation boosted their price objective on shares of Lam Research Corporation from $230.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and set a $230.00 price objective on shares of Lam Research Corporation in a research report on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $209.32.
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In other Lam Research Corporation news, Director Stephen G. Newberry sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $170.00, for a total transaction of $127,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy Archer sold 15,638 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $175.65, for a total value of $2,746,814.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,419 shares of company stock valued at $7,167,497. 0.41% of the stock is owned by insiders.
About Lam Research Corporation
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
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