Lam Research (LRCX) Earning Somewhat Favorable Press Coverage, Report Finds

News coverage about Lam Research (NASDAQ:LRCX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lam Research earned a news impact score of 0.24 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.1410512389437 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Several analysts have recently commented on the stock. KeyCorp restated a “buy” rating and issued a $225.00 target price on shares of Lam Research in a research note on Sunday, November 19th. B. Riley restated a “buy” rating and issued a $250.00 target price on shares of Lam Research in a research note on Tuesday, November 14th. Royal Bank of Canada raised their target price on shares of Lam Research from $210.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Deutsche Bank raised their target price on shares of Lam Research to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Needham & Company LLC raised their target price on shares of Lam Research from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $212.99.

Lam Research (LRCX) traded up $2.72 during trading on Wednesday, hitting $188.83. 3,290,599 shares of the company’s stock traded hands, compared to its average volume of 2,205,591. Lam Research has a one year low of $105.30 and a one year high of $219.70. The firm has a market cap of $30,619.17, a PE ratio of 16.28, a P/E/G ratio of 0.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.31 and a quick ratio of 2.83.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.27 by $0.19. Lam Research had a net margin of 22.85% and a return on equity of 30.19%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 51.8% compared to the same quarter last year. equities research analysts predict that Lam Research will post 14.74 earnings per share for the current fiscal year.

Lam Research announced that its board has initiated a stock buyback program on Tuesday, November 14th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This is a boost from Lam Research’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. Lam Research’s dividend payout ratio (DPR) is currently 18.28%.

In other news, VP Patrick J. Lord sold 264 shares of Lam Research stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $216.08, for a total transaction of $57,045.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Martin B. Anstice sold 21,955 shares of Lam Research stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $211.16, for a total transaction of $4,636,017.80. The disclosure for this sale can be found here. Insiders sold 45,859 shares of company stock worth $9,284,799 over the last three months. Corporate insiders own 0.41% of the company’s stock.

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About Lam Research

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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