Lam Research Corporation (NASDAQ:LRCX) – Equities research analysts at DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for Lam Research Corporation in a note issued to investors on Thursday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $3.26 for the quarter, up from their previous forecast of $3.25. DA Davidson has a “Buy” rating and a $215.00 price target on the stock. DA Davidson also issued estimates for Lam Research Corporation’s Q4 2018 earnings at $3.24 EPS, Q1 2019 earnings at $3.47 EPS, Q2 2019 earnings at $3.22 EPS and Q4 2019 earnings at $3.76 EPS.

Several other analysts have also recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Lam Research Corporation in a report on Friday, July 7th. Credit Suisse Group reaffirmed a “buy” rating on shares of Lam Research Corporation in a report on Tuesday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Lam Research Corporation in a report on Friday, September 1st. Argus initiated coverage on shares of Lam Research Corporation in a report on Tuesday, September 12th. They issued a “buy” rating and a $196.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $189.00 price target (up from $170.00) on shares of Lam Research Corporation in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $182.94.

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Lam Research Corporation (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the business earned $1.80 EPS. The company’s revenue was up 51.6% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the company. Keel Point LLC grew its position in shares of Lam Research Corporation by 0.4% during the first quarter. Keel Point LLC now owns 2,303 shares of the semiconductor company’s stock worth $296,000 after acquiring an additional 9 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Lam Research Corporation by 0.7% during the second quarter. Wetherby Asset Management Inc. now owns 1,789 shares of the semiconductor company’s stock worth $253,000 after acquiring an additional 12 shares during the last quarter. Fiduciary Trust Co. grew its position in shares of Lam Research Corporation by 1.0% during the second quarter. Fiduciary Trust Co. now owns 2,044 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 20 shares during the last quarter. Smithfield Trust Co. grew its position in shares of Lam Research Corporation by 0.9% during the second quarter. Smithfield Trust Co. now owns 2,382 shares of the semiconductor company’s stock worth $337,000 after acquiring an additional 22 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its position in shares of Lam Research Corporation by 1.0% during the second quarter. Hanseatic Management Services Inc. now owns 2,242 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

In other news, 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 Securities & Exchange Commission, which is available at this link. Also, Director Stephen G. Newberry sold 750 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $185.00, for a total transaction of $138,750.00. The disclosure for this sale can be found here. Insiders have sold 48,066 shares of company stock valued at $8,350,148 in the last 90 days. Insiders own 0.41% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $1.80 annualized dividend and a dividend yield of 0.96%. Lam Research Corporation’s dividend payout ratio is currently 19.57%.

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.

Earnings History and Estimates for Lam Research Corporation (NASDAQ:LRCX)

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