Analysts Set Lam Research Co. (NASDAQ:LRCX) Target Price at $950.85

Lam Research Co. (NASDAQ:LRCXGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $957.95.

A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued a “neutral” rating and set a $1,100.00 price objective on shares of Lam Research in a report on Thursday, April 25th. UBS Group raised their price objective on shares of Lam Research from $1,130.00 to $1,150.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upped their target price on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays raised their price target on shares of Lam Research from $825.00 to $865.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, TD Cowen upped their price target on shares of Lam Research from $975.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, April 25th.

View Our Latest Research Report on LRCX

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $912.07 on Friday. The company has a 50-day moving average price of $933.49 and a two-hundred day moving average price of $839.78. Lam Research has a twelve month low of $559.41 and a twelve month high of $1,007.39. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $119.24 billion, a PE ratio of 33.54, a P/E/G ratio of 2.94 and a beta of 1.51.

Lam Research (NASDAQ:LRCXGet Free Report) last released 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. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm earned $6.99 EPS. Lam Research’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts forecast that Lam Research will post 29.68 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.88%. Lam Research’s dividend payout ratio is presently 29.42%.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the transaction, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lam Research news, CAO Christina Corrreia sold 647 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now owns 5,541 shares of the company’s stock, valued at approximately $5,386,018.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold 7,489 shares of company stock valued at $6,978,065 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Institutional Trading of Lam Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LRCX. Orion Capital Management LLC bought a new position in Lam Research in the third quarter worth about $25,000. DSM Capital Partners LLC bought a new position in shares of Lam Research in the 4th quarter worth approximately $28,000. OFI Invest Asset Management purchased a new position in shares of Lam Research in the 3rd quarter valued at approximately $30,000. Asset Dedication LLC boosted its position in shares of Lam Research by 56.7% during the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 17 shares in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in Lam Research in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

(Get Free Report

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.

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Analyst Recommendations for Lam Research (NASDAQ:LRCX)

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