Lam Research Corporation (NASDAQ: LRCX) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2017 – Lam Research Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal fourth quarter 2017 results with both earnings and revenues surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Year to date, the stock has outperformed the industry it belongs to.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns.”
  • 9/26/2017 – Lam Research Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal fourth quarter 2017 results with both earnings and revenues surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Year to date, the stock has outperformed the industry it belongs to.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns.”
  • 9/16/2017 – Lam Research Corporation had its “outperform” rating reaffirmed by analysts at KeyCorp. They now have a $202.00 price target on the stock.
  • 9/12/2017 – Lam Research Corporation is now covered by analysts at Argus. They set a “buy” rating and a $196.00 price target on the stock.
  • 9/1/2017 – Lam Research Corporation was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 9/1/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $200.00 price target on the stock.
  • 8/29/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/15/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $220.00 price target on the stock.
  • 8/14/2017 – Lam Research Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $176.00 price target on the stock.
  • 8/10/2017 – Lam Research Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $220.00 price target on the stock.

Lam Research Corporation (NASDAQ LRCX) traded down 0.58% on Tuesday, hitting $184.87. The company’s stock had a trading volume of 1,482,641 shares. The firm has a 50 day moving average of $168.37 and a 200-day moving average of $152.48. Lam Research Corporation has a 12 month low of $93.69 and a 12 month high of $187.57. The stock has a market cap of $30.03 billion, a PE ratio of 20.01 and a beta of 1.52.

Lam Research Corporation (NASDAQ:LRCX) last announced 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. The business 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%. Lam Research Corporation’s revenue was up 51.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.80 earnings per share. On average, analysts expect that Lam Research Corporation will post $12.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is presently 19.57%.

In other news, COO Timothy Archer sold 6,897 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $1,106,968.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen G. Newberry sold 1,500 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $162.75, for a total transaction of $244,125.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,816 shares of company stock worth $8,466,705. Company insiders own 0.41% of the company’s stock.

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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