Media coverage about Lam Research Corporation (NASDAQ:LRCX) has been trending somewhat positive on Friday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lam Research Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.7611996309463 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities research analysts have issued reports on LRCX shares. B. Riley reiterated a “buy” rating and issued a $220.00 target price on shares of Lam Research Corporation in a research report on Thursday, July 27th. DA Davidson reiterated a “buy” rating and issued a $175.00 target price on shares of Lam Research Corporation in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Lam Research Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $189.00 target price (up previously from $170.00) on shares of Lam Research Corporation in a research report on Monday, June 19th. Finally, Needham & Company LLC increased their target price on shares of Lam Research Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Lam Research Corporation presently has a consensus rating of “Buy” and an average target price of $181.83.
Lam Research Corporation (LRCX) opened at 186.99 on Friday. The company has a 50-day moving average of $173.95 and a 200-day moving average of $155.48. Lam Research Corporation has a 1-year low of $93.69 and a 1-year high of $189.11. The firm has a market capitalization of $30.38 billion, a price-to-earnings ratio of 20.24 and a beta of 1.53.
Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.02 by $0.09. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The company’s quarterly revenue was up 51.6% compared to the same quarter last year. On average, equities analysts predict that Lam Research Corporation will post $12.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is currently 19.57%.
In other Lam Research Corporation news, Director Stephen G. Newberry sold 750 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $120,375.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Timothy Archer sold 6,897 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total transaction of $1,106,968.50. The disclosure for this sale can be found here. Insiders have sold 48,066 shares of company stock worth $8,350,148 over the last ninety days. Insiders own 0.41% of the company’s stock.
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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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