Lam Research (NASDAQ:LRCX) PT Raised to $1,050.00

Lam Research (NASDAQ:LRCX) had its price target upped by Stifel Nicolaus from $950.00 to $1,050.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other brokerages have also recently commented on LRCX. Raymond James upped their target price on shares of Lam Research from $850.00 to $950.00 and gave the company an outperform rating in a research report on Thursday, January 25th. UBS Group boosted their price target on shares of Lam Research from $885.00 to $1,130.00 and gave the company a buy rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lam Research in a report on Thursday, April 11th. They issued a hold rating and a $1,000.00 price target for the company. Needham & Company LLC boosted their price target on shares of Lam Research from $800.00 to $900.00 and gave the company a buy rating in a report on Thursday, January 25th. Finally, TD Cowen boosted their price target on shares of Lam Research from $710.00 to $975.00 and gave the company an outperform rating in a report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of Moderate Buy and a consensus target price of $875.55.

Lam Research Stock Performance

NASDAQ:LRCX opened at $963.23 on Tuesday. Lam Research has a 1 year low of $482.74 and a 1 year high of $1,007.39. The firm has a 50 day moving average of $944.50 and a 200-day moving average of $796.73. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $126.28 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 3.47 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the company posted $10.71 earnings per share. Lam Research’s quarterly revenue was down 28.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lam Research will post 28.9 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.83%. Lam Research’s dividend payout ratio is currently 30.94%.

Insider Buying and Selling at Lam Research

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares of the company’s stock, valued at $10,246,168.23. The disclosure for this sale can be found here. Insiders have sold 7,029 shares of company stock worth $6,559,489 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Lam Research

A number of large investors have recently bought and sold shares of LRCX. Arlington Trust Co LLC boosted its holdings in Lam Research by 7.7% during the fourth quarter. Arlington Trust Co LLC now owns 182 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 13 shares during the last quarter. Capital Performance Advisors LLP raised its position in Lam Research by 2.2% in the fourth quarter. Capital Performance Advisors LLP now owns 613 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 13 shares during the period. Van Leeuwen & Company LLC raised its position in Lam Research by 0.5% in the fourth quarter. Van Leeuwen & Company LLC now owns 2,583 shares of the semiconductor company’s stock worth $2,023,000 after acquiring an additional 13 shares during the period. First Affirmative Financial Network raised its position in Lam Research by 2.5% in the first quarter. First Affirmative Financial Network now owns 525 shares of the semiconductor company’s stock worth $510,000 after acquiring an additional 13 shares during the period. Finally, CNB Bank raised its position in Lam Research by 1.4% in the fourth quarter. CNB Bank now owns 1,032 shares of the semiconductor company’s stock worth $808,000 after acquiring an additional 14 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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.