Lam Research Corp. (NASDAQ:LRCX) declared a quarterly dividend on Friday, November 18th. Investors of record on Wednesday, December 14th will be paid a dividend of 0.45 per share on Wednesday, January 4th. This represents a $1.80 annualized dividend and a yield of 1.73%. This is an increase from Lam Research Corp.’s previous quarterly dividend of $0.30.

Shares of Lam Research Corp. (NASDAQ:LRCX) traded up 0.51% during trading on Friday, reaching $104.33. 2,288,562 shares of the company traded hands. The firm’s 50 day moving average is $97.86 and its 200-day moving average is $89.31. The stock has a market capitalization of $16.99 billion, a P/E ratio of 20.71 and a beta of 1.49. Lam Research Corp. has a 12-month low of $63.10 and a 12-month high of $107.25.

Lam Research Corp. (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.03. The business earned $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lam Research Corp. had a net margin of 15.02% and a return on equity of 18.43%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, equities research analysts anticipate that Lam Research Corp. will post $7.69 earnings per share for the current fiscal year.

Dividend History for Lam Research Corp. (NASDAQ:LRCX)

LRCX has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $106.00 price objective on shares of Lam Research Corp. in a research note on Tuesday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $110.00 price objective on shares of Lam Research Corp. in a research note on Monday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective (up from $95.00) on shares of Lam Research Corp. in a research note on Thursday, July 28th. RBC Capital Markets reaffirmed an “outperform” rating and set a $105.00 price objective (up from $95.00) on shares of Lam Research Corp. in a research note on Thursday, July 28th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $105.00 price objective (up from $95.00) on shares of Lam Research Corp. in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Lam Research Corp. currently has an average rating of “Buy” and a consensus price target of $105.29.

In other news, insider Richard A. Gottscho sold 47,540 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $98.85, for a total transaction of $4,699,329.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Several large investors have recently bought and sold shares of LRCX. Ameritas Investment Partners Inc. increased its position in shares of Lam Research Corp. by 12.3% in the third quarter. Ameritas Investment Partners Inc. now owns 6,709 shares of the company’s stock worth $635,000 after buying an additional 737 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of Lam Research Corp. by 34.7% in the third quarter. Candriam Luxembourg S.C.A. now owns 7,467 shares of the company’s stock worth $707,000 after buying an additional 1,923 shares during the period. Cetera Advisor Networks LLC bought a new position in shares of Lam Research Corp. during the third quarter worth $205,000. Highbridge Capital Management LLC bought a new position in shares of Lam Research Corp. during the second quarter worth $10,400,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Lam Research Corp. during the second quarter worth $795,000.

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.

5 Day Chart for NASDAQ:LRCX

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