Lam Research (NASDAQ:LRCX) Rating Increased to Buy at StockNews.com

Lam Research (NASDAQ:LRCX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Lam Research in a research note on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective on the stock. UBS Group increased their price objective on Lam Research from $1,130.00 to $1,150.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna decreased their price objective on Lam Research from $880.00 to $850.00 and set a “neutral” rating on the stock in a research note on Thursday. Raymond James increased their target price on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. increased their target price on Lam Research from $900.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday. Six research 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 an average target price of $950.85.

Lam Research Stock Up 2.7 %

Lam Research stock opened at $925.37 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.02 and a current ratio of 2.82. The firm has a market capitalization of $121.32 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.20 and a beta of 1.51. Lam Research has a fifty-two week low of $493.42 and a fifty-two week high of $1,007.39. The stock’s fifty day moving average is $943.67 and its two-hundred day moving average is $810.33.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.53. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.99 earnings per share. Analysts predict that Lam Research will post 29.46 EPS for the current fiscal year.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the sale, the senior vice president now directly owns 22,095 shares in the company, valued at approximately $20,380,648.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the sale, the chief accounting officer now directly owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold a total of 7,029 shares of company stock worth $6,559,489 in the last three months. 0.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lam Research

Hedge funds have recently bought and sold shares of the business. DSM Capital Partners LLC acquired a new stake in Lam Research during the 4th quarter valued at approximately $28,000. Valued Wealth Advisors LLC acquired a new position in shares of Lam Research in the 4th quarter worth approximately $30,000. Orion Capital Management LLC acquired a new position in shares of Lam Research in the 3rd quarter worth approximately $25,000. Partnership Wealth Management LLC acquired a new position in shares of Lam Research in the 4th quarter worth approximately $33,000. Finally, Ulland Investment Advisors LLC acquired a new position in shares of Lam Research in the 1st quarter worth 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.