Lam Research Corporation (LRCX) Receives Daily Media Sentiment Rating of 0.19
Press coverage about Lam Research Corporation (NASDAQ:LRCX) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lam Research Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 94 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Lam Research Corporation (NASDAQ:LRCX) announces a quarterly dividend of $0.45 (4-traders.com)
- Sumitomo Mitsui Trust Holdings, Inc. Modifies Its Holdings in Lam Research Corporation (LRCX) Stock Last Quarter – Modern Readers (modernreaders.com)
- Earnings Review and Free Research Report: Lam Research’s Revenue Soared 51%; EPS Rocketed 93% (finance.yahoo.com)
- Themes That Strike a Chord: Global Week Ahead (finance.yahoo.com)
- Trend Is Still Up for Lam Research (finance.yahoo.com)
Lam Research Corporation (NASDAQ:LRCX) opened at 155.84 on Tuesday. Lam Research Corporation has a 12 month low of $88.13 and a 12 month high of $170.00. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.87 and a beta of 1.46. The firm has a 50-day moving average price of $153.65 and a 200 day moving average price of $137.56.
Lam Research Corporation (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.09. Lam Research Corporation had a return on equity of 26.95% and a net margin of 21.19%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the business posted $1.80 EPS. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. On average, equities analysts forecast that Lam Research Corporation will post $12.71 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Lam Research Corporation’s dividend payout ratio is 19.57%.
Several analysts have recently weighed in on LRCX shares. BidaskClub upgraded Lam Research Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $200.00 target price on shares of Lam Research Corporation in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $145.00 target price (up from $140.00) on shares of Lam Research Corporation in a report on Tuesday, April 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lam Research Corporation in a report on Friday, July 7th. Finally, UBS AG reaffirmed a “buy” rating and set a $158.00 target price (up from $144.00) on shares of Lam Research Corporation in a report on Saturday, April 22nd. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $172.41.
In other Lam Research Corporation news, insider Patrick J. Lord sold 2,770 shares of Lam Research Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $155.35, for a total value of $430,319.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Timothy Archer sold 8,942 shares of Lam Research Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $155.51, for a total value of $1,390,570.42. The disclosure for this sale can be found here. Insiders sold a total of 51,656 shares of company stock worth $7,925,366 in the last three months. Company insiders own 0.46% of the company’s stock.
Lam Research Corporation 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.
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