Lam Research Co. (NASDAQ:LRCX - Get Free Report) insider George M. Schisler sold 400 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $908.21, for a total transaction of $363,284.00. Following the completion of the sale, the insider now owns 5,661 shares in the company, valued at $5,141,376.81. The transaction was disclosed in a filing with the SEC, which is available through this link.
Lam Research Price Performance
LRCX opened at $924.54 on Tuesday. Lam Research Co. has a 12-month low of $512.09 and a 12-month high of $1,007.39. The company has a market cap of $120.87 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $941.03 and a two-hundred day simple moving average of $822.52.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping the consensus estimate of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm posted $6.99 earnings per share. Lam Research's quarterly revenue was down 2.0% on a year-over-year basis. Research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research's payout ratio is 29.42%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Raymond James increased their price target on shares of Lam Research from $850.00 to $950.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Wells Fargo & Company boosted their target price on Lam Research from $930.00 to $980.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Evercore ISI assumed coverage on Lam Research in a research report on Tuesday, April 16th. They set an "outperform" rating and a $1,200.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Lam Research from $900.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and issued a $1,030.00 target price on shares of Lam Research in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $950.85.
Check Out Our Latest Stock Report on Lam Research
Institutional Investors Weigh In On Lam Research
Institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC bought a new stake in Lam Research during the 3rd quarter valued at about $25,000. BluePath Capital Management LLC purchased a new position in Lam Research in the 3rd quarter worth approximately $28,000. DSM Capital Partners LLC bought a new position in Lam Research in the 4th quarter valued at approximately $28,000. OFI Invest Asset Management purchased a new stake in Lam Research during the 3rd quarter valued at $30,000. Finally, Asset Dedication LLC increased its holdings in shares of Lam Research by 56.7% in the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 17 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.
Lam Research Company Profile
(
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.
Further Reading
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