Lam Research Corporation (LRCX) Earns Media Impact Score of 0.14

Media stories about Lam Research Corporation (NASDAQ:LRCX) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lam Research Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.4379697867977 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

LRCX has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Lam Research Corporation in a report on Friday, July 7th. DA Davidson reaffirmed a “buy” rating and set a $175.00 price target on shares of Lam Research Corporation in a report on Wednesday, July 26th. Credit Suisse Group reaffirmed a “buy” rating on shares of Lam Research Corporation in a report on Tuesday, August 29th. Bank of America Corporation reaffirmed a “buy” rating and set a $195.00 price target (up from $165.00) on shares of Lam Research Corporation in a report on Sunday, June 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $189.00 price target (up from $170.00) on shares of Lam Research Corporation in a report on Monday, June 19th. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.18.

Shares of Lam Research Corporation (LRCX) traded down 1.68% on Friday, hitting $165.75. 1,729,689 shares of the stock were exchanged. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 17.94 and a beta of 1.47. The company has a 50 day moving average of $160.30 and a 200 day moving average of $145.64. Lam Research Corporation has a 52-week low of $89.80 and a 52-week high of $170.00.

Lam Research Corporation (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.09. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the business earned $1.80 earnings per share. The business’s revenue was up 51.6% on a year-over-year basis. Equities research analysts forecast that Lam Research Corporation will post $12.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio is 19.57%.

In related news, SVP Sarah A. O’dowd sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $150.92, for a total value of $1,509,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick J. Lord sold 2,770 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $155.35, for a total value of $430,319.50. The disclosure for this sale can be found here. Insiders sold 31,609 shares of company stock worth $4,918,116 in the last 90 days. Company insiders own 0.46% of the company’s stock.

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About Lam Research Corporation

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.

Insider Buying and Selling by Quarter for Lam Research Corporation (NASDAQ:LRCX)

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