Lam Research Co. (NASDAQ:LRCX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lam Research Co. (NASDAQ:LRCX) have been given a consensus recommendation of “Moderate Buy” by the twenty-three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $97.59.

Several research firms have issued reports on LRCX. Wells Fargo & Company lifted their price objective on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Oppenheimer initiated coverage on shares of Lam Research in a report on Thursday, March 20th. They issued an “outperform” rating and a $95.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Morgan Stanley upped their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of the business. DSG Capital Advisors LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at $521,000. 111 Capital purchased a new position in shares of Lam Research in the fourth quarter worth approximately $1,701,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Lam Research by 1,399.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 263,368 shares of the semiconductor company’s stock valued at $19,023,000 after acquiring an additional 245,809 shares during the period. PKO Investment Management Joint Stock Co acquired a new stake in shares of Lam Research during the fourth quarter valued at approximately $7,223,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $366,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of LRCX stock opened at $72.70 on Tuesday. Lam Research has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a market capitalization of $93.32 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $79.35 and a 200-day simple moving average of $77.31.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts anticipate that Lam Research will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is currently 27.96%.

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.