Lam Research Co. (NASDAQ:LRCX) Given Average Rating of “Hold” by Analysts

Shares of Lam Research Co. (NASDAQ:LRCX) have received an average rating of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $268.24.

Several equities research analysts recently commented on LRCX shares. UBS Group downgraded shares of Lam Research from a “neutral” rating to a “sell” rating in a research report on Wednesday, November 27th. Mizuho lifted their target price on shares of Lam Research from $194.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. They noted that the move was a valuation call. Cowen lifted their target price on shares of Lam Research from $235.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. B. Riley lifted their target price on shares of Lam Research from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, DA Davidson lifted their target price on shares of Lam Research to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th.

LRCX opened at $299.97 on Friday. The company’s 50 day moving average is $281.22 and its 200-day moving average is $237.55. Lam Research has a 1-year low of $136.65 and a 1-year high of $301.67. The company has a current ratio of 3.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.76. The company has a market cap of $42.98 billion, a P/E ratio of 20.62, a PEG ratio of 1.44 and a beta of 1.64.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.17. Lam Research had a net margin of 22.38% and a return on equity of 43.11%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company posted $3.36 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts forecast that Lam Research will post 15.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were issued a dividend of $1.15 per share. The ex-dividend date was Tuesday, December 10th. This represents a $4.60 annualized dividend and a yield of 1.53%. Lam Research’s payout ratio is 31.62%.

In other Lam Research news, CEO Timothy Archer sold 13,026 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $295.78, for a total transaction of $3,852,830.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Seshasayee Varadarajan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $240.00, for a total transaction of $4,800,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,576 shares of company stock valued at $25,603,977. Company insiders own 0.43% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. HGK Asset Management Inc. increased its stake in Lam Research by 1.2% during the 3rd quarter. HGK Asset Management Inc. now owns 3,647 shares of the semiconductor company’s stock valued at $553,000 after purchasing an additional 42 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in Lam Research by 2.0% during the 3rd quarter. MBM Wealth Consultants LLC now owns 2,115 shares of the semiconductor company’s stock valued at $489,000 after purchasing an additional 42 shares in the last quarter. FTB Advisors Inc. increased its stake in Lam Research by 20.5% during the 3rd quarter. FTB Advisors Inc. now owns 253 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 43 shares in the last quarter. Trust Co. of Vermont increased its stake in Lam Research by 18.6% during the 3rd quarter. Trust Co. of Vermont now owns 281 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 44 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Lam Research by 0.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,297 shares of the semiconductor company’s stock valued at $2,873,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

See Also: Monthly Dividend Stocks Can Provide Solid Income

Analyst Recommendations for Lam Research (NASDAQ:LRCX)

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News