Lam Research Co. (LRCX) Insider Timothy Archer Sells 6,465 Shares
Lam Research Co. (NASDAQ:LRCX) insider Timothy Archer sold 6,465 shares of Lam Research stock in a transaction on Friday, March 9th. The stock was sold at an average price of $214.28, for a total transaction of $1,385,320.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
Lam Research Co. (NASDAQ LRCX) opened at $223.97 on Wednesday. Lam Research Co. has a one year low of $121.17 and a one year high of $234.88. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The stock has a market cap of $36,500.00, a PE ratio of 76.44, a PEG ratio of 0.90 and a beta of 1.43.
Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.66. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $2.24 earnings per share. The business’s revenue was up 37.1% compared to the same quarter last year. research analysts predict that Lam Research Co. will post 16.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. Lam Research’s dividend payout ratio (DPR) is 68.26%.
Several equities research analysts recently commented on LRCX shares. BidaskClub lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Susquehanna Bancshares upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $200.00 to $250.00 in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Lam Research from a “hold” rating to a “buy” rating and set a $234.00 price target on the stock in a research note on Tuesday, January 23rd. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Lam Research in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Twenty-five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $239.28.
Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Lam Research by 17.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 21,141 shares of the semiconductor company’s stock worth $3,891,000 after acquiring an additional 3,213 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Lam Research by 14.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 55,470 shares of the semiconductor company’s stock worth $10,212,000 after buying an additional 7,091 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Lam Research by 2.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 148,170 shares of the semiconductor company’s stock worth $27,274,000 after buying an additional 3,943 shares in the last quarter. Delek Group Ltd. purchased a new stake in Lam Research during the fourth quarter worth about $957,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Lam Research by 61.9% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,111 shares of the semiconductor company’s stock worth $1,493,000 after buying an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.
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Lam Research 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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