Lam Research Co. (NASDAQ:LRCX) Receives $848.27 Average Target Price from Analysts

Shares of Lam Research Co. (NASDAQ:LRCX) have been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $881.45.

Several research firms have recently commented on LRCX. Susquehanna upped their price objective on shares of Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Needham & Company LLC increased their price target on Lam Research from $900.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group lifted their price objective on Lam Research from $885.00 to $1,130.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Mizuho upped their target price on Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus lifted their price target on Lam Research from $950.00 to $1,050.00 and gave the company a “buy” rating in a research report on Tuesday.

Insider Buying and Selling

In other Lam Research news, 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 value of $857,330.46. Following the transaction, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the company’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 completion of the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by corporate insiders.

Institutional Trading of Lam Research

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its holdings in Lam Research by 117,180.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 32,822,222 shares of the semiconductor company’s stock valued at $13,795,180,000 after buying an additional 32,794,236 shares during the period. Vanguard Group Inc. boosted its position in shares of Lam Research by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,711,747 shares of the semiconductor company’s stock worth $9,173,343,000 after purchasing an additional 79,581 shares during the period. State Street Corp increased its holdings in Lam Research by 1.7% in the 1st quarter. State Street Corp now owns 5,697,200 shares of the semiconductor company’s stock valued at $3,029,550,000 after purchasing an additional 92,606 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Lam Research by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 2,973,516 shares of the semiconductor company’s stock worth $2,329,037,000 after purchasing an additional 86,721 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Lam Research by 0.8% during the first quarter. Geode Capital Management LLC now owns 2,542,805 shares of the semiconductor company’s stock worth $1,345,403,000 after buying an additional 19,280 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX opened at $888.92 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. The company’s fifty day moving average price is $946.27 and its 200-day moving average price is $798.17. Lam Research has a 1-year low of $482.74 and a 1-year high of $1,007.39. The firm has a market capitalization of $116.54 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 3.49 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the company earned $10.71 earnings per share. The company’s revenue was down 28.8% on a year-over-year basis. On average, equities research analysts predict that Lam Research will post 28.9 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders 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 annualized dividend and a dividend yield of 0.90%. Lam Research’s dividend payout ratio (DPR) is presently 30.94%.

Lam Research Company Profile

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.