Media stories about Lam Research (NASDAQ:LRCX) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lam Research earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.3056678053487 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Several analysts have recently weighed in on the company. KeyCorp restated a “buy” rating and issued a $225.00 price objective on shares of Lam Research in a report on Sunday, November 19th. Vetr lowered Lam Research from a “buy” rating to a “hold” rating and set a $218.49 price objective for the company. in a report on Tuesday, January 23rd. B. Riley restated a “buy” rating and issued a $250.00 price objective on shares of Lam Research in a report on Tuesday, November 14th. ICAP restated a “buy” rating and issued a $240.00 price objective on shares of Lam Research in a report on Thursday, January 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $270.00 price objective (up previously from $235.00) on shares of Lam Research in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Lam Research presently has an average rating of “Buy” and an average price target of $232.41.
Shares of Lam Research (LRCX) opened at $172.95 on Tuesday. The stock has a market capitalization of $28,010.00, a PE ratio of 19.05, a P/E/G ratio of 0.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 2.09. Lam Research has a one year low of $113.20 and a one year high of $219.70.
Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.66. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. Lam Research had a return on equity of 36.08% and a net margin of 17.60%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.24 EPS. analysts predict that Lam Research will post 16.74 earnings per share for the current year.
Lam Research announced that its Board of Directors has initiated a stock repurchase program on Tuesday, November 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 6th. Lam Research’s dividend payout ratio is currently 22.03%.
In other Lam Research news, VP Patrick J. Lord sold 264 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $216.08, for a total value of $57,045.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Cannon sold 9,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $212.43, for a total value of $1,911,870.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,722 shares of company stock valued at $12,088,028. 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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