Lam Research (NASDAQ:LRCX) Trading Down 0.8% - What's Next?

Lam Research Co. (NASDAQ:LRCX - Get Free Report)'s share price fell 0.8% during trading on Friday . The company traded as low as $78.32 and last traded at $78.61. 1,221,039 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 11,235,416 shares. The stock had previously closed at $79.21.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of analyst reports. Mizuho lowered their target price on shares of Lam Research from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Friday, September 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Lam Research in a research report on Thursday, October 24th. UBS Group lowered their price target on shares of Lam Research from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lam Research from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Finally, StockNews.com cut Lam Research from a "buy" rating to a "hold" rating in a research note on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.03.

Lam Research Stock Performance

The company's 50-day moving average price is $77.73 and its 200 day moving average price is $88.66. The stock has a market capitalization of $100.62 billion, a PE ratio of 25.48, a PEG ratio of 1.18 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $6.85 EPS. On average, equities research analysts expect that Lam Research Co. will post 3.52 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.18%. Lam Research's dividend payout ratio is currently 29.77%.

Insider Activity

In other Lam Research news, CAO Christina Correia sold 647 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares in the company, valued at $3,488,315.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

A number of institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning raised its position in shares of Lam Research by 2.5% in the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company's stock worth $38,664,000 after acquiring an additional 1,146 shares in the last quarter. Vest Financial LLC increased its position in shares of Lam Research by 68.7% during the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company's stock worth $29,372,000 after purchasing an additional 14,658 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of Lam Research during the 3rd quarter worth $5,182,000. Symmetry Investments LP acquired a new stake in shares of Lam Research during the 2nd quarter worth about $3,229,000. Finally, Vontobel Holding Ltd. increased its stake in Lam Research by 38.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 120,736 shares of the semiconductor company's stock worth $98,530,000 after buying an additional 33,489 shares during the period. 84.61% of the stock is owned by institutional investors.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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