George M. Schisler Sells 400 Shares of Lam Research Co. (NASDAQ:LRCX) Stock

Lam Research Co. (NASDAQ:LRCX) insider George M. Schisler sold 400 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $908.21, for a total value of $363,284.00. Following the completion of the transaction, the insider now owns 5,661 shares of the company’s stock, valued at $5,141,376.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lam Research Price Performance

Shares of Lam Research stock traded up $15.47 on Monday, hitting $924.00. 207,568 shares of the company traded hands, compared to its average volume of 1,057,232. The business has a 50-day simple moving average of $941.31 and a 200 day simple moving average of $820.25. Lam Research Co. has a 52 week low of $512.09 and a 52 week high of $1,007.39. The stock has a market capitalization of $120.80 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.84 and a current ratio of 2.82.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping the consensus estimate of $7.26 by $0.53. The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. Lam Research’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.99 earnings per share. Research analysts expect that Lam Research Co. will post 29.62 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.87%. Lam Research’s dividend payout ratio is presently 29.42%.

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. TD Cowen lifted their target price on Lam Research from $975.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. B. Riley raised Lam Research from a “neutral” rating to a “buy” rating and boosted their target price for the company from $870.00 to $1,100.00 in a research report on Friday, April 19th. Evercore ISI began coverage on shares of Lam Research in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 target price on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Lam Research from $950.00 to $1,050.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $950.85.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently modified their holdings of LRCX. DSM Capital Partners LLC purchased a new stake in Lam Research in the 4th quarter worth approximately $28,000. Valued Wealth Advisors LLC acquired a new stake in shares of Lam Research during the fourth quarter worth about $30,000. Orion Capital Management LLC acquired a new stake in Lam Research in the third quarter valued at approximately $25,000. Partnership Wealth Management LLC acquired a new stake in Lam Research in the fourth quarter valued at approximately $33,000. Finally, Ulland Investment Advisors LLC purchased a new position in Lam Research in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.