News stories about Lam Research (NASDAQ:LRCX) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lam Research earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.3056678053487 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
LRCX has been the topic of a number of research analyst reports. Deutsche Bank raised their price objective on shares of Lam Research to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. KeyCorp reiterated a “buy” rating and set a $225.00 price objective on shares of Lam Research in a research note on Sunday, November 19th. DA Davidson reiterated a “buy” rating and set a $215.00 price objective on shares of Lam Research in a research note on Thursday, October 12th. Royal Bank of Canada raised their price objective on shares of Lam Research from $210.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Finally, B. Riley reiterated a “buy” rating and set a $250.00 price objective on shares of Lam Research in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $220.80.
Lam Research (NASDAQ LRCX) traded up $2.08 during trading on Friday, reaching $207.53. 2,566,984 shares of the company’s stock traded hands, compared to its average volume of 2,880,000. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.83 and a current ratio of 3.31. The firm has a market capitalization of $33,610.00, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57. Lam Research has a 12-month low of $111.34 and a 12-month high of $219.70.
Lam Research declared that its board has approved a share repurchase program on Tuesday, November 14th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 6th were given a $0.50 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, December 5th. This represents a $2.00 annualized dividend and a yield of 0.96%. Lam Research’s payout ratio is 18.26%.
In related news, VP Patrick J. Lord sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $216.08, for a total value of $57,045.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael R. Cannon sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $212.43, for a total transaction of $1,911,870.00. The disclosure for this sale can be found here. Insiders sold a total of 31,269 shares of company stock valued at $6,615,633 in the last ninety days. Company insiders own 0.41% of the company’s stock.
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About Lam Research
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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