Traders Sell Lam Research Corporation (LRCX) on Strength (LRCX)

Investors sold shares of Lam Research Corporation (NASDAQ:LRCX) on strength during trading on Tuesday. $55.09 million flowed into the stock on the tick-up and $97.07 million flowed out of the stock on the tick-down, for a money net flow of $41.98 million out of the stock. Of all companies tracked, Lam Research Corporation had the 14th highest net out-flow for the day. Lam Research Corporation traded up $2.16 for the day and closed at $171.67

Several analysts have commented on LRCX shares. BidaskClub upgraded shares of Lam Research Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating and set a $176.00 price objective on shares of Lam Research Corporation in a research note on Monday, August 14th. Citigroup Inc. restated a “buy” rating and set a $200.00 price objective on shares of Lam Research Corporation in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $189.00 price objective (up from $170.00) on shares of Lam Research Corporation in a research note on Monday, June 19th. Finally, DA Davidson restated a “buy” rating and set a $175.00 price objective on shares of Lam Research Corporation in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $176.33.

The company has a 50 day moving average of $160.48 and a 200 day moving average of $146.41. The company has a market capitalization of $27.89 billion, a P/E ratio of 18.58 and a beta of 1.47.

Lam Research Corporation (NASDAQ:LRCX) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.09. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $1.80 earnings per share. Lam Research Corporation’s quarterly revenue was up 51.6% compared to the same quarter last year. On average, equities research analysts expect that Lam Research Corporation will post $12.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is currently 19.57%.

In other news, COO Timothy Archer sold 6,897 shares of Lam Research Corporation stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $160.50, for a total transaction of $1,106,968.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $160.50, for a total value of $120,375.00. The disclosure for this sale can be found here. In the last three months, insiders sold 22,667 shares of company stock valued at $3,527,546. 0.46% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in LRCX. IFP Advisors Inc raised its stake in shares of Lam Research Corporation by 2.7% during the 1st quarter. IFP Advisors Inc now owns 850 shares of the semiconductor company’s stock worth $109,000 after buying an additional 22 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Lam Research Corporation by 16.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 38,108 shares of the semiconductor company’s stock worth $4,892,000 after buying an additional 5,369 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Lam Research Corporation by 182.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 238,709 shares of the semiconductor company’s stock worth $30,641,000 after buying an additional 154,070 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Lam Research Corporation by 18.2% during the 1st quarter. LS Investment Advisors LLC now owns 5,309 shares of the semiconductor company’s stock worth $681,000 after buying an additional 816 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Lam Research Corporation by 29.3% during the 1st quarter. Swiss National Bank now owns 576,946 shares of the semiconductor company’s stock worth $74,057,000 after buying an additional 130,600 shares during the last quarter. 94.10% of the stock is owned by institutional investors and hedge funds.

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Lam Research Corporation Company Profile

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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