Lam Research Co. (NASDAQ:LRCX) SVP Sarah A. O’dowd sold 1,835 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $212.64, for a total transaction of $390,194.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Lam Research Co. (LRCX) opened at $224.95 on Monday. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The stock has a market cap of $36,656.16, a P/E ratio of 16.41, a P/E/G ratio of 0.90 and a beta of 1.43. Lam Research Co. has a 52-week low of $118.37 and a 52-week high of $226.08.
Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.68 by $0.66. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.57 billion. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter last year, the business posted $2.24 EPS. analysts forecast that Lam Research Co. will post 16.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Lam Research’s dividend payout ratio is currently 22.05%.
Several research firms have weighed in on LRCX. Vetr cut shares of Lam Research from a “strong-buy” rating to a “buy” rating and set a $240.39 price target on the stock. in a report on Monday. KeyCorp restated a “buy” rating and set a $225.00 target price on shares of Lam Research in a research report on Sunday, November 19th. Deutsche Bank increased their target price on shares of Lam Research to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. DA Davidson increased their target price on shares of Lam Research to $275.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup restated a “positive” rating and set a $290.00 target price (up previously from $260.00) on shares of Lam Research in a research report on Wednesday, March 7th. Twenty-six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $239.28.
Institutional investors have recently modified their holdings of the business. Krilogy Financial LLC boosted its position in Lam Research by 91.6% in the third quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 263 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Lam Research by 144.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 664 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 392 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Lam Research in the third quarter valued at approximately $134,000. Focused Wealth Management Inc acquired a new stake in Lam Research in the fourth quarter valued at approximately $140,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Lam Research in the third quarter valued at approximately $185,000. Hedge funds and other institutional investors own 90.06% of the company’s stock.
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Lam Research 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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