LRCX has been the topic of several other research reports. Royal Bank Of Canada dropped their price objective on shares of Lam Research Corp. from $105.00 to $95.00 and set an outperform rating on the stock in a research note on Thursday, July 28th. Citigroup Inc. reiterated a buy rating and issued a $108.00 price objective on shares of Lam Research Corp. in a research note on Thursday, October 6th. Zacks Investment Research upgraded shares of Lam Research Corp. from a hold rating to a buy rating and set a $104.00 price objective on the stock in a research note on Friday, July 29th. Needham & Company LLC reiterated a buy rating and issued a $105.00 price objective on shares of Lam Research Corp. in a research note on Tuesday, September 20th. Finally, Stifel Nicolaus upped their price objective on shares of Lam Research Corp. from $93.00 to $102.00 and gave the company a buy rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $100.59.
Lam Research Corp. (NASDAQ:LRCX) opened at 102.15 on Thursday. Lam Research Corp. has a one year low of $63.10 and a one year high of $102.44. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 19.57 and a beta of 1.46. The firm has a 50-day moving average of $93.91 and a 200-day moving average of $86.08.
Lam Research Corp. (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.16. Lam Research Corp. had a net margin of 15.53% and a return on equity of 18.95%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that Lam Research Corp. will post $7.02 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, September 12th. Lam Research Corp.’s dividend payout ratio (DPR) is presently 22.99%.
Several institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in shares of Lam Research Corp. by 28.6% in the second quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock worth $103,000 after buying an additional 280 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Lam Research Corp. by 92.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,060 shares of the company’s stock worth $173,000 after buying an additional 992 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Lam Research Corp. during the second quarter worth about $177,000. Johnson Financial Group Inc. boosted its position in shares of Lam Research Corp. by 6,044.7% in the second quarter. Johnson Financial Group Inc. now owns 2,335 shares of the company’s stock worth $196,000 after buying an additional 2,297 shares in the last quarter. Finally, SSI Investment Management Inc. acquired a new position in shares of Lam Research Corp. during the second quarter worth about $200,000.
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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