Lam Research Corporation (NASDAQ:LRCX) COO Timothy Archer sold 6,897 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total transaction of $1,106,968.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Timothy Archer also recently made the following trade(s):
- On Monday, June 12th, Timothy Archer sold 8,942 shares of Lam Research Corporation stock. The shares were sold at an average price of $155.51, for a total value of $1,390,570.42.
Shares of Lam Research Corporation (LRCX) traded up 1.28% during trading on Friday, hitting $160.49. 1,924,780 shares of the stock traded hands. The firm has a market cap of $26.07 billion, a P/E ratio of 17.37 and a beta of 1.46. The company has a 50-day moving average of $155.41 and a 200-day moving average of $140.62. Lam Research Corporation has a 52 week low of $89.80 and a 52 week high of $170.00.
Lam Research Corporation (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.31 billion. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. The company’s quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.80 earnings per share. On average, analysts forecast that Lam Research Corporation will post $12.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. Lam Research Corporation’s dividend payout ratio is 19.57%.
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A number of large investors have recently made changes to their positions in LRCX. Regentatlantic Capital LLC bought a new stake in shares of Lam Research Corporation during the first quarter valued at about $214,000. Pennsylvania Trust Co bought a new stake in shares of Lam Research Corporation during the first quarter valued at about $226,000. Quadrant Capital Group LLC increased its stake in shares of Lam Research Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 1,332 shares of the semiconductor company’s stock valued at $168,000 after buying an additional 4 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Lam Research Corporation by 382.1% in the first quarter. Koshinski Asset Management Inc. now owns 17,984 shares of the semiconductor company’s stock valued at $2,308,000 after buying an additional 14,254 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in shares of Lam Research Corporation by 7.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,712 shares of the semiconductor company’s stock valued at $6,509,000 after buying an additional 3,400 shares during the period. Institutional investors and hedge funds own 98.98% of the company’s stock.
LRCX has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 price target (up from $145.00) on shares of Lam Research Corporation in a research note on Saturday, April 22nd. Pacific Crest reaffirmed an “overweight” rating and issued a $180.00 price target (up from $163.00) on shares of Lam Research Corporation in a research note on Saturday, April 22nd. UBS AG reaffirmed a “buy” rating and issued a $158.00 price target (up from $144.00) on shares of Lam Research Corporation in a research note on Saturday, April 22nd. B. Riley reaffirmed a “buy” rating and issued a $175.00 price target on shares of Lam Research Corporation in a research note on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) cut Lam Research Corporation from a “conviction-buy” rating to a “buy” rating and upped their price target for the company from $153.00 to $160.00 in a research note on Monday, May 8th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Lam Research Corporation presently has an average rating of “Buy” and a consensus target price of $175.18.
Lam Research Corporation Company Profile
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
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