Lam Research (NASDAQ:LRCX - Free Report) had its target price decreased by Oppenheimer from $95.00 to $80.00 in a report issued on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the semiconductor company's stock.
LRCX has been the subject of a number of other reports. KeyCorp raised shares of Lam Research from a "sector weight" rating to an "overweight" rating and set a $95.00 target price for the company in a report on Friday, January 17th. Mizuho upped their price target on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. The Goldman Sachs Group dropped their price target on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Finally, Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.06.
Check Out Our Latest Analysis on LRCX
Lam Research Stock Performance
LRCX stock traded down $3.40 on Friday, hitting $65.04. The company had a trading volume of 6,570,929 shares, compared to its average volume of 12,135,289. The stock has a market cap of $83.49 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.47 and a beta of 1.52. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock's 50-day simple moving average is $75.92 and its 200 day simple moving average is $76.24. Lam Research has a 12-month low of $56.32 and a 12-month high of $113.00.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. As a group, equities research analysts expect that Lam Research will post 3.71 earnings per share for the current fiscal year.
Lam Research Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.41%. Lam Research's dividend payout ratio is presently 27.96%.
Insider Buying and Selling at Lam Research
In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.29% of the company's stock.
Institutional Investors Weigh In On Lam Research
Institutional investors and hedge funds have recently modified their holdings of the business. Parisi Gray Wealth Management lifted its position in shares of Lam Research by 652.9% during the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company's stock worth $603,000 after purchasing an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY bought a new stake in Lam Research during the 4th quarter valued at about $815,000. Centerpoint Advisors LLC boosted its position in Lam Research by 900.0% in the 4th quarter. Centerpoint Advisors LLC now owns 1,000 shares of the semiconductor company's stock valued at $72,000 after buying an additional 900 shares during the period. Transform Wealth LLC bought a new position in Lam Research in the 4th quarter worth about $17,269,000. Finally, E. Ohman J or Asset Management AB purchased a new position in shares of Lam Research during the fourth quarter worth approximately $4,258,000. 84.61% of the stock is owned by institutional investors.
About Lam Research
(
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.
See Also
Before you consider Lam Research, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lam Research wasn't on the list.
While Lam Research currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
