Abhijit Y. Talwalkar Sells 882 Shares of Lam Research Co. (NASDAQ:LRCX) Stock

Lam Research Co. (NASDAQ:LRCXGet Free Report) Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the transaction, the director now directly owns 10,541 shares of the company’s stock, valued at $10,246,168.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Lam Research Price Performance

LRCX stock opened at $978.37 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.06 and a quick ratio of 2.02. The firm has a market capitalization of $128.26 billion, a P/E ratio of 37.83, a P/E/G ratio of 3.49 and a beta of 1.51. The business’s 50-day moving average is $919.82 and its two-hundred day moving average is $772.45. Lam Research Co. has a 1 year low of $480.45 and a 1 year high of $1,007.39.

Lam Research (NASDAQ:LRCXGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.06 by $0.46. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.71 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. Lam Research’s revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter last year, the company earned $10.71 EPS. Analysts anticipate that Lam Research Co. will post 28.88 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s dividend payout ratio is currently 30.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRCX. Raymond James boosted their price target on Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Mizuho boosted their price target on Lam Research from $900.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Wells Fargo & Company boosted their price target on Lam Research from $930.00 to $980.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Susquehanna upped their target price on Lam Research from $655.00 to $880.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $900.00 target price on shares of Lam Research in a report on Monday, March 4th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $826.68.

View Our Latest Stock Analysis on Lam Research

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LRCX. Orion Capital Management LLC purchased a new position in shares of Lam Research in the 3rd quarter valued at about $25,000. Bollard Group LLC increased its holdings in shares of Lam Research by 60.0% in the 2nd quarter. Bollard Group LLC now owns 40 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 15 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in Lam Research during the 4th quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new position in Lam Research during the 3rd quarter worth approximately $28,000. Finally, DSM Capital Partners LLC purchased a new position in Lam Research during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

About Lam Research

(Get Free Report)

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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