Lam Research Corporation (NASDAQ:LRCX - Get Free Report) shares traded down 1.2% during trading on Wednesday . The stock traded as low as $314.28 and last traded at $318.93. 8,789,665 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 10,870,247 shares. The stock had previously closed at $322.68.
Wall Street Analyst Weigh In
Several brokerages have commented on LRCX. KeyCorp reissued a "sector weight" rating on shares of Lam Research in a report on Thursday, January 29th. Bank of America lifted their price objective on shares of Lam Research from $285.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Stifel Nicolaus lifted their price objective on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Citigroup reaffirmed a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Finally, Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an "outperform" rating in a report on Wednesday. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $295.07.
Check Out Our Latest Analysis on Lam Research
Lam Research Stock Performance
The company has a market cap of $398.84 billion, a PE ratio of 60.18, a PEG ratio of 2.53 and a beta of 1.81. The business's 50-day moving average is $258.19 and its 200 day moving average is $217.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm's revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts predict that Lam Research Corporation will post 5.67 EPS for the current fiscal year.
Lam Research Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research's dividend payout ratio (DPR) is presently 19.62%.
Insider Buying and Selling
In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ava Harter sold 6,010 shares of the business's stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,066 shares of company stock worth $27,953,242 in the last 90 days. 0.31% of the stock is owned by company insiders.
Hedge Funds Weigh In On Lam Research
Hedge funds have recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the fourth quarter valued at about $25,000. Stance Capital LLC purchased a new position in shares of Lam Research in the third quarter valued at about $26,000. Bayban purchased a new position in shares of Lam Research during the fourth quarter valued at about $26,000. Vermillion Wealth Management Inc. purchased a new position in shares of Lam Research during the first quarter valued at about $26,000. Finally, Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.
About Lam Research
(
Get Free Report)
Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
Further Reading
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