A number of research firms have changed their ratings and price targets for Lam Research Corporation (NASDAQ: LRCX):

  • 10/16/2017 – Lam Research Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $196.77 price target on the stock.
  • 10/16/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $220.00 price target on the stock.
  • 10/13/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $220.00 price target on the stock, up previously from $200.00.
  • 10/13/2017 – Lam Research Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $221.00 price target on the stock. According to Zacks, “Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal fourth quarter 2017 results with both earnings and revenues surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Year to date, the stock has outperformed the industry it belongs to.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns.”
  • 10/12/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $215.00 price target on the stock.
  • 10/3/2017 – Lam Research Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal fourth quarter 2017 results with both earnings and revenues surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Year to date, the stock has outperformed the industry it belongs to.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns.”
  • 9/26/2017 – Lam Research Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal fourth quarter 2017 results with both earnings and revenues surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Year to date, the stock has outperformed the industry it belongs to.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns.”
  • 9/16/2017 – Lam Research Corporation had its “outperform” rating reaffirmed by analysts at KeyCorp. They now have a $202.00 price target on the stock.
  • 9/12/2017 – Lam Research Corporation is now covered by analysts at Argus. They set a “buy” rating and a $196.00 price target on the stock.
  • 9/1/2017 – Lam Research Corporation was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 9/1/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $200.00 price target on the stock.
  • 8/29/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at Credit Suisse Group.

Shares of Lam Research Corporation (NASDAQ LRCX) traded up 1.14% during mid-day trading on Tuesday, hitting $194.55. The stock had a trading volume of 3,835,834 shares. Lam Research Corporation has a 12 month low of $93.69 and a 12 month high of $195.49. The firm has a 50 day moving average price of $175.34 and a 200-day moving average price of $156.33. The stock has a market cap of $31.61 billion, a P/E ratio of 21.06 and a beta of 1.52.

Lam Research Corporation (NASDAQ:LRCX) last issued its earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.19. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. Lam Research Corporation’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. On average, equities research analysts forecast that Lam Research Corporation will post $12.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.93%. The ex-dividend date was Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio is presently 19.57%.

In other Lam Research Corporation news, COO Timothy Archer sold 8,691 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $171.76, for a total value of $1,492,766.16. 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 stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $162.75, for a total value of $244,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,816 shares of company stock valued at $8,492,648 over the last 90 days. 0.41% of the stock is currently owned by company insiders.

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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