Shares of Lam Research Corp. (NASDAQ:LRCX) have received an average recommendation of “Buy” from the nineteen brokerages that are presently covering the company. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $100.18.
A number of research analysts recently issued reports on LRCX shares. Nomura raised their price objective on shares of Lam Research Corp. from $85.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, June 23rd. Zacks Investment Research upgraded shares of Lam Research Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Pacific Crest set a $101.00 price objective on shares of Lam Research Corp. and gave the company a “buy” rating in a report on Thursday, August 11th. BlueFin Research upgraded shares of Lam Research Corp. to a “positive” rating in a report on Monday, July 18th. Finally, Susquehanna reiterated a “neutral” rating on shares of Lam Research Corp. in a report on Saturday, August 13th.
Lam Research Corp. (NASDAQ:LRCX) opened at 93.23 on Tuesday. The stock has a 50 day moving average of $92.48 and a 200 day moving average of $85.03. The firm has a market cap of $14.94 billion, a PE ratio of 17.86 and a beta of 1.31. Lam Research Corp. has a 12-month low of $63.10 and a 12-month high of $95.77.
Lam Research Corp. (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 27th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.16. The firm earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Lam Research Corp. had a net margin of 15.53% and a return on equity of 18.95%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 earnings per share. On average, equities research analysts anticipate that Lam Research Corp. will post $6.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Monday, September 12th. Lam Research Corp.’s dividend payout ratio is 22.99%.
A number of institutional investors have recently bought and sold shares of LRCX. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Lam Research Corp. during the second quarter worth about $542,000. Kentucky Retirement Systems purchased a new position in Lam Research Corp. during the second quarter worth about $1,141,000. Northwestern Mutual Investment Management Company LLC increased its position in Lam Research Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,088 shares of the company’s stock worth $512,000 after buying an additional 22 shares in the last quarter. Mason Street Advisors LLC purchased a new position in Lam Research Corp. during the second quarter worth about $1,807,000. Finally, Harbour Capital Advisors LLC purchased a new position in Lam Research Corp. during the second quarter worth about $1,017,000.
Lam Research Corp. 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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