Weekly Investment Analysts’ Ratings Updates for Lam Research (LRCX)

Several brokerages have updated their recommendations and price targets on shares of Lam Research (NASDAQ: LRCX) in the last few weeks:

  • 3/21/2018 – Lam Research is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $305.00 price target on the stock.
  • 3/15/2018 – Lam Research was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $250.51 price target on the stock.
  • 3/15/2018 – Lam Research is now covered by analysts at FBN Securities. They set an “outperform” rating and a $300.00 price target on the stock.
  • 3/13/2018 – Lam Research was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/12/2018 – Lam Research was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $240.39 price target on the stock.
  • 3/8/2018 – Lam Research had its price target raised by analysts at DA Davidson to $275.00. They now have a “buy” rating on the stock.
  • 3/7/2018 – Lam Research had its “positive” rating reaffirmed by analysts at Citigroup. They now have a $290.00 price target on the stock, up previously from $260.00.
  • 3/7/2018 – Lam Research had its price target raised by analysts at Deutsche Bank AG to $250.00. They now have a “buy” rating on the stock.
  • 3/6/2018 – Lam Research had its “outperform” rating reaffirmed by analysts at KeyCorp. They now have a $276.00 price target on the stock, up previously from $261.00.
  • 3/3/2018 – Lam Research was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/2/2018 – Lam Research was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/31/2018 – Lam Research was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/25/2018 – Lam Research was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating. They now have a $237.41 price target on the stock.
  • 1/25/2018 – Lam Research had its price target raised by analysts at JPMorgan Chase & Co. from $230.00 to $260.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Lam Research had its price target raised by analysts at Morgan Stanley from $229.00 to $238.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Lam Research had its price target raised by analysts at Royal Bank of Canada to $245.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Lam Research had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $240.00 price target on the stock.
  • 1/25/2018 – Lam Research had its price target raised by analysts at Stifel Nicolaus from $235.00 to $260.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Lam Research had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $270.00 price target on the stock, up previously from $235.00.
  • 1/25/2018 – Lam Research had its “buy” rating reaffirmed by analysts at ICAP. They now have a $240.00 price target on the stock.

Shares of Lam Research Co. (NASDAQ:LRCX) opened at $202.63 on Monday. Lam Research Co. has a 12-month low of $124.91 and a 12-month high of $234.88. The stock has a market capitalization of $33,018.96, a price-to-earnings ratio of 22.34, a PEG ratio of 0.68 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, beating the consensus estimate of $3.68 by $0.66. Lam Research had a return on equity of 36.08% and a net margin of 17.60%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $2.24 EPS. The business’s revenue was up 37.1% compared to the same quarter last year. sell-side analysts predict that Lam Research Co. will post 16.76 earnings per share for the current year.

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

In other news, CEO Martin B. Anstice sold 11,200 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $225.00, for a total transaction of $2,520,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Seshasayee Varadarajan sold 25,453 shares of Lam Research stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $215.00, for a total value of $5,472,395.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,393 shares of company stock valued at $19,222,556. Insiders own 0.41% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Lam Research by 17.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,141 shares of the semiconductor company’s stock worth $3,891,000 after acquiring an additional 3,213 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Lam Research by 14.7% in 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 during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Lam Research by 2.7% in 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 during the last quarter. Delek Group Ltd. purchased a new stake in Lam Research in the 4th quarter worth about $957,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Lam Research by 61.9% in 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 during the last quarter. 90.03% of the stock is owned by institutional investors.

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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