Lam Research Corp. (NASDAQ:LRCX)‘s stock had its “buy” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday.
Several other analysts also recently issued reports on the stock. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $100.00 price target on shares of Lam Research Corp. in a report on Sunday, August 14th. Royal Bank Of Canada reduced their price target on shares of Lam Research Corp. from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Cowen and Company upped their price target on shares of Lam Research Corp. from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Citigroup Inc. reaffirmed a “buy” rating and issued a $108.00 price target on shares of Lam Research Corp. in a report on Thursday. Finally, Zacks Investment Research raised shares of Lam Research Corp. from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Friday, July 29th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.59.
Shares of Lam Research Corp. (NASDAQ:LRCX) opened at 100.35 on Thursday. The company has a 50-day moving average of $93.65 and a 200 day moving average of $85.82. Lam Research Corp. has a 12-month low of $63.10 and a 12-month high of $100.89. The firm has a market cap of $16.08 billion, a P/E ratio of 19.22 and a beta of 1.46.
Lam Research Corp. (NASDAQ:LRCX) last released its quarterly earnings data 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 had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Lam Research Corp. had a net margin of 15.53% and a return on equity of 18.95%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Equities research analysts anticipate that Lam Research Corp. will post $7.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, September 12th. Lam Research Corp.’s payout ratio is currently 22.99%.
Several large investors have recently added to or reduced their stakes in LRCX. Quadrant Capital Group LLC raised its stake in Lam Research Corp. by 28.6% in the second quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock valued at $103,000 after buying an additional 280 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in 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 valued at $173,000 after buying an additional 992 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Lam Research Corp. during the second quarter valued at about $177,000. Johnson Financial Group Inc. raised its stake in 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 valued at $196,000 after buying an additional 2,297 shares during the last quarter. Finally, SSI Investment Management Inc. acquired a new stake in Lam Research Corp. during the second quarter valued at 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.
Receive News & Ratings for Lam Research Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research Corp. and related companies with MarketBeat.com's FREE daily email newsletter.