Lam Research Corporation (LRCX) Getting Somewhat Favorable News Coverage, Analysis Finds
Media headlines about Lam Research Corporation (NASDAQ:LRCX) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lam Research Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.0284293472225 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Is Now the Time to Capitalize on Lam Research Corporation (NASDAQ:LRCX) or Edison International (NYSE:EIX)? – FLBC News (flbcnews.com)
- Lam Research Corporation (LRCX) Stake Decreased by Winton Group Ltd (expressnewsline.com)
- Lam Research Corporation (NASDAQ:LRCX) Short Interest Update (techkenyot.com)
- Lam Research Corporation (LRCX) to Issue Quarterly Dividend of $0.45 (fishinghd.com)
- 5 Stocks with Solid Sales Growth Worth Considering (finance.yahoo.com)
A number of analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $220.00 price objective on shares of Lam Research Corporation in a research report on Tuesday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $176.00 price objective on shares of Lam Research Corporation in a research report on Monday, August 14th. ValuEngine raised Lam Research Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Citigroup Inc. lowered Lam Research Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $200.00 to $175.00 in a research report on Thursday, August 3rd. Finally, BidaskClub lowered Lam Research Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $175.18.
Shares of Lam Research Corporation (NASDAQ:LRCX) traded up 1.28% during trading on Friday, hitting $160.49. The company’s stock had a trading volume of 1,924,780 shares. The company has a market cap of $26.07 billion, a PE ratio of 17.37 and a beta of 1.46. Lam Research Corporation has a 52 week low of $89.80 and a 52 week high of $170.00. The firm’s 50 day moving average price is $155.93 and its 200-day moving average price is $140.94.
Lam Research Corporation (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.09. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The company’s revenue for the quarter was up 51.6% compared to the same quarter last year. On average, analysts predict that Lam Research Corporation will post $12.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is 19.57%.
In other Lam Research Corporation news, SVP Sarah A. O’dowd sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $150.92, for a total value of $1,509,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen G. Newberry sold 1,500 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $162.75, for a total transaction of $244,125.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,609 shares of company stock valued at $4,918,116. 0.46% of the stock is owned by insiders.
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.
Receive News & Stock Ratings for Lam Research Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research Corporation and related stocks with our FREE daily email newsletter.