Weekly Analysts’ Ratings Changes for Lam Research (LRCX)

A number of firms have modified their ratings and price targets on shares of Lam Research (NASDAQ: LRCX) recently:

  • 7/28/2022 – Lam Research had its price target lowered by analysts at Mizuho from $675.00 to $650.00. They now have a “maintains” rating on the stock.
  • 7/28/2022 – Lam Research had its price target raised by analysts at Wells Fargo & Company from $460.00 to $475.00. They now have an “equal weight” rating on the stock.
  • 7/28/2022 – Lam Research had its price target raised by analysts at UBS Group AG from $510.00 to $530.00. They now have a “buy” rating on the stock.
  • 7/28/2022 – Lam Research had its price target raised by analysts at The Goldman Sachs Group, Inc. from $448.00 to $504.00. They now have a “buy” rating on the stock.
  • 7/28/2022 – Lam Research had its price target lowered by analysts at Cowen Inc. from $800.00 to $620.00.
  • 7/28/2022 – Lam Research had its price target lowered by analysts at DA Davidson from $575.00 to $550.00.
  • 7/28/2022 – Lam Research had its price target lowered by analysts at Cowen Inc from $800.00 to $620.00.
  • 7/28/2022 – Lam Research had its price target lowered by analysts at Citigroup Inc. from $720.00 to $700.00.
  • 7/25/2022 – Lam Research had its price target lowered by analysts at Morgan Stanley from $625.00 to $550.00. They now have an “overweight” rating on the stock.
  • 7/25/2022 – Lam Research had its price target lowered by analysts at B. Riley from $625.00 to $525.00. They now have a “maintains” rating on the stock.
  • 7/25/2022 – Lam Research was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $450.00 price target on the stock, down previously from $625.00.
  • 7/18/2022 – Lam Research had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $560.00 to $480.00.
  • 7/15/2022 – Lam Research had its price target lowered by analysts at Wells Fargo & Company from $525.00 to $460.00. They now have an “equal weight” rating on the stock.
  • 7/15/2022 – Lam Research had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $612.00 to $448.00.
  • 6/29/2022 – Lam Research had its price target lowered by analysts at Bank of America Co. from $650.00 to $540.00. They now have a “buy” rating on the stock.
  • 6/28/2022 – Lam Research had its price target lowered by analysts at UBS Group AG from $560.00 to $510.00. They now have a “buy” rating on the stock.
  • 6/15/2022 – Lam Research was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $525.00 price target on the stock, down previously from $625.00.

Lam Research Stock Down 0.0 %

Shares of NASDAQ:LRCX opened at $502.65 on Wednesday. The company has a market capitalization of $69.72 billion, a PE ratio of 15.35, a P/E/G ratio of 1.11 and a beta of 1.33. The company has a current ratio of 2.69, a quick ratio of 1.82 and a debt-to-equity ratio of 0.80. Lam Research Co. has a twelve month low of $375.87 and a twelve month high of $731.85. The firm has a 50 day simple moving average of $456.58 and a 200-day simple moving average of $503.66.

Lam Research (NASDAQ:LRCXGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The semiconductor company reported $8.83 earnings per share for the quarter, topping the consensus estimate of $7.30 by $1.53. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.21 billion. Lam Research had a net margin of 26.73% and a return on equity of 75.71%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.09 EPS. On average, equities analysts predict that Lam Research Co. will post 38.21 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Wednesday, June 15th were given a dividend of $1.50 per share. The ex-dividend date was Tuesday, June 14th. This represents a $6.00 annualized dividend and a dividend yield of 1.19%. Lam Research’s dividend payout ratio is presently 18.32%.

Institutional Trading of Lam Research

Several institutional investors have recently modified their holdings of LRCX. Missouri Trust & Investment Co acquired a new position in shares of Lam Research in the 4th quarter valued at $25,000. Allegheny Financial Group LTD acquired a new position in shares of Lam Research in the 4th quarter valued at $25,000. Vectors Research Management LLC increased its holdings in shares of Lam Research by 133.3% in the 4th quarter. Vectors Research Management LLC now owns 35 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 20 shares during the period. Stonebridge Capital Advisors LLC increased its holdings in shares of Lam Research by 100.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 38 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 19 shares during the period. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in shares of Lam Research in the 1st quarter valued at $27,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

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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