Lam Research Co. (NASDAQ:LRCX - Get Free Report) EVP Patrick J. Lord sold 60 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $921.54, for a total transaction of $55,292.40. Following the transaction, the executive vice president now directly owns 4,454 shares in the company, valued at $4,104,539.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lam Research Price Performance
Lam Research stock opened at $894.41 on Wednesday. The business has a fifty day moving average price of $943.60 and a 200-day moving average price of $815.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.84. Lam Research Co. has a one year low of $507.19 and a one year high of $1,007.39. The firm has a market capitalization of $117.26 billion, a P/E ratio of 32.89, a PEG ratio of 2.88 and a beta of 1.51.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The company had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. Lam Research's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.99 earnings per share. As a group, equities research analysts forecast that Lam Research Co. will post 29.54 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Tuesday, March 12th. Lam Research's dividend payout ratio (DPR) is presently 29.42%.
Institutional Trading of Lam Research
Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Lam Research during the fourth quarter valued at approximately $1,414,111,000. International Assets Investment Management LLC raised its holdings in Lam Research by 76,165.7% in the 4th quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company's stock worth $249,099,000 after purchasing an additional 317,611 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Lam Research by 1,125.6% in the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company's stock worth $267,984,000 after purchasing an additional 314,224 shares during the period. Van ECK Associates Corp boosted its stake in shares of Lam Research by 24.6% during the 1st quarter. Van ECK Associates Corp now owns 968,115 shares of the semiconductor company's stock valued at $940,592,000 after purchasing an additional 191,230 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Lam Research by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 1,642,367 shares of the semiconductor company's stock valued at $1,029,386,000 after buying an additional 159,815 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on LRCX. Deutsche Bank Aktiengesellschaft started coverage on Lam Research in a report on Thursday, April 11th. They set a "hold" rating and a $1,000.00 price target for the company. TD Cowen upped their price target on shares of Lam Research from $975.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Barclays boosted their price objective on Lam Research from $825.00 to $865.00 and gave the stock an "equal weight" rating in a report on Thursday, April 25th. The Goldman Sachs Group increased their price objective on shares of Lam Research from $700.00 to $912.00 and gave the company a "buy" rating in a report on Thursday, January 25th. Finally, Mizuho lifted their price objective on Lam Research from $935.00 to $960.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $950.85.
Check Out Our Latest Analysis on LRCX
About Lam Research
(
Get Free Report)
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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