Lam Research Sees Unusually High Options Volume (NASDAQ:LRCX)

Lam Research Co. (NASDAQ:LRCX) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 109,479 call options on the company. This represents an increase of 278% compared to the typical daily volume of 28,929 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Perspectives Inc lifted its stake in shares of Lam Research by 908.8% in the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 309 shares during the last quarter. Fairway Wealth LLC lifted its stake in shares of Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 306 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research in the 1st quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Finally, West Paces Advisors Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on Lam Research from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. UBS Group cut their price objective on Lam Research from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Lam Research from $85.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley lifted their price objective on Lam Research from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.30.

Lam Research Price Performance

Shares of NASDAQ LRCX traded down $0.51 during mid-day trading on Tuesday, reaching $92.90. The company’s stock had a trading volume of 6,895,602 shares, compared to its average volume of 12,282,011. The firm has a market capitalization of $118.83 billion, a PE ratio of 28.26, a P/E/G ratio of 1.47 and a beta of 1.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The stock has a fifty day moving average of $77.79 and a two-hundred day moving average of $77.18. Lam Research has a 52 week low of $56.32 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $7.79 earnings per share. As a group, sell-side analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.99%. Lam Research’s payout ratio is 25.63%.

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.