News articles about Lam Research Corporation (NASDAQ:LRCX) have trended positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lam Research Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.0219613536656 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- NanoString (NSTG), Lam Research (LRCX) Announce Strategic Development Collaboration to Advance Hyb & Seq Next Generation Sequencing Platform (streetinsider.com)
- NanoString and Lam Research Announce Strategic Development Collaboration to Advance Hyb & Seq Next Generation Sequencing Platform (finance.yahoo.com)
- Analyzing Chipmos Technologies (IMOS) and Lam Research Corporation (LRCX) (americanbankingnews.com)
- Zacks: Brokerages Anticipate Lam Research Corporation (LRCX) to Announce $3.26 Earnings Per Share (americanbankingnews.com)
- Lam Research Corporation (NASDAQ:LRCX) announces a quarterly dividend of $0.45 (4-traders.com)
Lam Research Corporation (NASDAQ:LRCX) opened at 155.20 on Thursday. The firm has a 50-day moving average price of $153.49 and a 200-day moving average price of $137.83. Lam Research Corporation has a 52 week low of $88.13 and a 52 week high of $170.00. The stock has a market capitalization of $25.10 billion, a PE ratio of 16.80 and a beta of 1.46.
Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.09. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a return on equity of 26.95% and a net margin of 21.19%. The company’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same period last year, the company earned $1.80 EPS. Equities research analysts predict that Lam Research Corporation will post $12.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, September 12th. Lam Research Corporation’s payout ratio is 19.57%.
A number of brokerages have recently issued reports on LRCX. UBS AG reiterated a “buy” rating and set a $158.00 price target (up previously from $144.00) on shares of Lam Research Corporation in a research report on Saturday, April 22nd. B. Riley reiterated a “buy” rating and set a $175.00 price target on shares of Lam Research Corporation in a research report on Wednesday, April 19th. Deutsche Bank AG lifted their price target on Lam Research Corporation from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Cowen and Company reiterated an “outperform” rating and set a $185.00 price target (up previously from $150.00) on shares of Lam Research Corporation in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded Lam Research Corporation from a “conviction-buy” rating to a “buy” rating and lifted their price target for the company from $153.00 to $160.00 in a research report on Monday, May 8th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $172.41.
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In other news, Director Stephen G. Newberry sold 20,047 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $150.01, for a total value of $3,007,250.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick J. Lord sold 2,770 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $155.35, for a total value of $430,319.50. The disclosure for this sale can be found here. Insiders sold a total of 51,656 shares of company stock valued at $7,925,366 over the last ninety days. Corporate insiders own 0.46% of the company’s stock.
About Lam Research Corporation
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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