Lam Research Co. (LRCX) Insider Sarah A. O’dowd Sells 10,000 Shares

Lam Research Co. (NASDAQ:LRCX) insider Sarah A. O’dowd sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $224.28, for a total transaction of $2,242,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sarah A. O’dowd also recently made the following trade(s):

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  • On Thursday, March 8th, Sarah A. O’dowd sold 1,835 shares of Lam Research stock. The shares were sold at an average price of $212.64, for a total transaction of $390,194.40.

Shares of LRCX stock traded down $12.19 during trading hours on Friday, hitting $202.63. 5,218,343 shares of the company’s stock were exchanged, compared to its average volume of 3,751,965. Lam Research Co. has a 1 year low of $124.91 and a 1 year high of $234.88. The firm has a market cap of $35,005.46, a price-to-earnings ratio of 22.34, a PEG ratio of 0.72 and a beta of 1.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 2.47.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.68 by $0.66. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business posted $2.24 EPS. The business’s revenue was up 37.1% compared to the same quarter last year. analysts forecast that Lam Research Co. will post 16.76 earnings per share for the current fiscal year.

Lam Research declared that its Board of Directors has initiated a share buyback program on Tuesday, March 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.99%. Lam Research’s payout ratio is presently 22.05%.

A number of equities research analysts have recently issued reports on LRCX shares. BidaskClub cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Susquehanna Bancshares raised shares of Lam Research from a “neutral” rating to a “positive” rating and upped their target price for the company from $200.00 to $250.00 in a report on Tuesday, January 16th. Zacks Investment Research raised shares of Lam Research from a “hold” rating to a “buy” rating and set a $234.00 target price on the stock in a report on Tuesday, January 23rd. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Lam Research in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Lam Research from $230.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Twenty-five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $243.69.

Several large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Lam Research by 17.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,141 shares of the semiconductor company’s stock worth $3,891,000 after purchasing an additional 3,213 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Lam Research by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 55,470 shares of the semiconductor company’s stock worth $10,212,000 after acquiring an additional 7,091 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Lam Research by 2.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 148,170 shares of the semiconductor company’s stock worth $27,274,000 after acquiring an additional 3,943 shares in the last quarter. Delek Group Ltd. acquired a new stake in shares of Lam Research during the 4th quarter worth approximately $957,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Lam Research by 61.9% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,111 shares of the semiconductor company’s stock worth $1,493,000 after acquiring an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

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Lam Research 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.

Insider Buying and Selling by Quarter for Lam Research (NASDAQ:LRCX)

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