Lam Research Co. (NASDAQ:LRCX) Receives $950.85 Average PT from Analysts

Shares of Lam Research Co. (NASDAQ:LRCX - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $950.85.

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Lam Research from $975.00 to $1,025.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Needham & Company LLC restated a "buy" rating and issued a $1,030.00 target price on shares of Lam Research in a research report on Thursday, April 25th. TD Cowen upped their price target on shares of Lam Research from $975.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $1,100.00 price target on shares of Lam Research in a research note on Thursday, April 25th. Finally, Barclays upped their price target on shares of Lam Research from $825.00 to $865.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 25th.

Lam Research Stock Up 0.9 %

LRCX stock traded up $7.88 during trading on Friday, reaching $915.42. The stock had a trading volume of 510,042 shares, compared to its average volume of 1,117,630. Lam Research has a 1-year low of $520.66 and a 1-year high of $1,007.39. The company has a current ratio of 2.82, a quick ratio of 1.84 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $119.68 billion, a P/E ratio of 33.67, a PEG ratio of 2.82 and a beta of 1.51. The firm has a fifty day moving average price of $938.59 and a 200 day moving average price of $828.12.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The company's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.99 EPS. On average, equities analysts anticipate that Lam Research will post 29.62 earnings per share for the current year.

Insider Transactions at Lam Research

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now 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 the SEC website. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the transaction, the senior vice president now 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 the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock worth $6,978,065 in the last 90 days. 0.32% of the stock is owned by insiders.

Institutional Trading of Lam Research

Several large investors have recently modified their holdings of the company. Trustmark National Bank Trust Department boosted its holdings in shares of Lam Research by 5.9% during the 1st quarter. Trustmark National Bank Trust Department now owns 4,865 shares of the semiconductor company's stock worth $4,727,000 after buying an additional 272 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Lam Research during the 1st quarter worth $146,000. Ironwood Investment Counsel LLC boosted its holdings in shares of Lam Research by 2.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 479 shares of the semiconductor company's stock worth $465,000 after buying an additional 13 shares during the period. Catalytic Wealth RIA LLC bought a new stake in shares of Lam Research during the 1st quarter worth $498,000. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Lam Research by 25.3% during the 1st quarter. Jacobi Capital Management LLC now owns 992 shares of the semiconductor company's stock worth $964,000 after buying an additional 200 shares during the period. 84.61% of the stock is owned by institutional investors.

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.