Shares of Lam Research Co. (NASDAQ:LRCX) have been assigned an average recommendation of “Hold” from the twenty-one analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $222.50.
A number of brokerages recently weighed in on LRCX. Royal Bank of Canada set a €18.50 ($21.51) target price on shares of ENI and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Zacks Investment Research cut shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. B. Riley set a $33.00 target price on shares of Triumph Bancorp and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, ValuEngine upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Sunday.
In other Lam Research news, Director Abhijit Y. Talwalkar sold 3,988 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $203.00, for a total value of $809,564.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard A. Gottscho sold 7,248 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $209.26, for a total transaction of $1,516,716.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,391 shares of company stock valued at $2,776,675. 0.44% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in LRCX. FMR LLC lifted its position in Lam Research by 88.0% in the 4th quarter. FMR LLC now owns 6,652,531 shares of the semiconductor company’s stock worth $905,875,000 after buying an additional 3,114,393 shares in the last quarter. Norges Bank purchased a new stake in Lam Research in the 4th quarter worth approximately $215,477,000. Amundi Pioneer Asset Management Inc. lifted its position in Lam Research by 563.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,043,217 shares of the semiconductor company’s stock worth $186,745,000 after buying an additional 885,862 shares in the last quarter. Marshall Wace North America L.P. lifted its position in Lam Research by 249.2% in the 1st quarter. Marshall Wace North America L.P. now owns 582,106 shares of the semiconductor company’s stock worth $104,202,000 after buying an additional 415,418 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Lam Research by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 2,519,701 shares of the semiconductor company’s stock worth $342,720,000 after buying an additional 395,218 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.
NASDAQ:LRCX traded up $4.09 during trading hours on Friday, reaching $195.81. 41,195 shares of the company’s stock were exchanged, compared to its average volume of 1,598,062. The stock has a market cap of $29.35 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.10 and a beta of 1.59. Lam Research has a 12 month low of $122.64 and a 12 month high of $209.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.37 and a quick ratio of 2.79. The stock has a 50-day moving average price of $183.40.
Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 24th. The semiconductor company reported $3.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.38 by $0.32. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Lam Research had a net margin of 25.64% and a return on equity of 46.66%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm posted $4.79 earnings per share. On average, sell-side analysts forecast that Lam Research will post 14.33 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Wednesday, June 12th were given a $1.10 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $4.40 annualized dividend and a dividend yield of 2.25%. Lam Research’s dividend payout ratio (DPR) is presently 24.62%.
About Lam Research
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.
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