Lam Research Corporation (NASDAQ:LRCX) Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $170.00, for a total value of $127,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Stephen G. Newberry also recently made the following trade(s):

  • On Wednesday, July 19th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $160.50, for a total value of $120,375.00.
  • On Thursday, July 20th, Stephen G. Newberry sold 1,500 shares of Lam Research Corporation stock. The shares were sold at an average price of $162.75, for a total value of $244,125.00.
  • On Wednesday, July 12th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $155.41, for a total value of $116,557.50.

Shares of Lam Research Corporation (LRCX) traded down 0.09% during mid-day trading on Wednesday, reaching $171.52. The company’s stock had a trading volume of 1,425,756 shares. The company has a 50-day moving average price of $160.70 and a 200 day moving average price of $146.80. Lam Research Corporation has a 52-week low of $90.56 and a 52-week high of $172.56. The company has a market cap of $27.86 billion, a PE ratio of 18.56 and a beta of 1.47.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.09. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same period last year, the company earned $1.80 EPS. Equities analysts expect that Lam Research Corporation will post $12.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders 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 1.05%. The ex-dividend date is Tuesday, September 12th. Lam Research Corporation’s payout ratio is 19.57%.

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A number of brokerages have recently issued reports on LRCX. DA Davidson reiterated a “buy” rating and set a $175.00 price target on shares of Lam Research Corporation in a research report on Wednesday, July 26th. Credit Suisse Group reiterated a “buy” rating on shares of Lam Research Corporation in a research report on Tuesday, August 29th. BidaskClub downgraded Lam Research Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Stifel Nicolaus reiterated a “buy” rating and set a $189.00 price target (up previously from $170.00) on shares of Lam Research Corporation in a research report on Monday, June 19th. Finally, KeyCorp reiterated an “overweight” rating on shares of Lam Research Corporation in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $176.33.

Several large investors have recently bought and sold shares of the company. W. E. Donoghue & Co. LLC bought a new stake in shares of Lam Research Corporation in the 2nd quarter valued at approximately $2,095,000. Intl Fcstone Inc. bought a new stake in shares of Lam Research Corporation in the 2nd quarter valued at approximately $242,000. BRILLIANCE ASSET MANAGEMENT Ltd lifted its stake in shares of Lam Research Corporation by 58.1% in the 2nd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 133,491 shares of the semiconductor company’s stock valued at $18,880,000 after purchasing an additional 49,060 shares during the last quarter. Navellier & Associates Inc bought a new stake in shares of Lam Research Corporation in the 2nd quarter valued at approximately $2,432,000. Finally, WFG Advisors LP lifted its stake in shares of Lam Research Corporation by 21.2% in the 2nd quarter. WFG Advisors LP now owns 2,992 shares of the semiconductor company’s stock valued at $423,000 after purchasing an additional 524 shares during the last quarter. 94.10% of the stock is owned by institutional investors and hedge funds.

About Lam Research Corporation

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.

Insider Buying and Selling by Quarter for Lam Research Corporation (NASDAQ:LRCX)

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