Lam Research (NASDAQ:LRCX - Free Report) had its price target increased by Mizuho from $87.00 to $100.00 in a research report sent to investors on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor company's stock.
Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein upgraded shares of Lam Research from a "market perform" rating to an "outperform" rating and raised their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. KeyCorp upgraded shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. BNP Paribas upgraded shares of Lam Research to a "hold" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on shares of Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $98.22.
Check Out Our Latest Analysis on LRCX
Lam Research Stock Down 3.4 %
LRCX traded down $3.00 during trading on Thursday, hitting $86.02. The stock had a trading volume of 12,857,061 shares, compared to its average volume of 12,447,650. The company has a market capitalization of $110.42 billion, a PE ratio of 26.13, a PEG ratio of 1.45 and a beta of 1.46. Lam Research has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The stock has a 50 day simple moving average of $78.46 and a two-hundred day simple moving average of $78.03.
Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. On average, research analysts predict that Lam Research will post 3.71 earnings per share for the current year.
Lam Research Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. Lam Research's dividend payout ratio is currently 27.95%.
Insider Transactions at Lam Research
In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.
Institutional Investors Weigh In On Lam Research
Large investors have recently added to or reduced their stakes in the business. Financial Perspectives Inc increased its position in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC increased its position in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Midwest Capital Advisors LLC purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Finally, West Paces Advisors Inc. purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.
Lam Research Company Profile
(
Get Free Report)
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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