Lam Research Co. (NASDAQ:LRCX) SVP Sarah A. O’dowd sold 1,835 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $212.64, for a total value of $390,194.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Sarah A. O’dowd also recently made the following trade(s):
- On Thursday, March 22nd, Sarah A. O’dowd sold 10,000 shares of Lam Research stock. The stock was sold at an average price of $224.28, for a total value of $2,242,800.00.
Shares of Lam Research stock traded down $9.29 on Monday, reaching $193.87. 3,549,560 shares of the company were exchanged, compared to its average volume of 3,874,241. Lam Research Co. has a one year low of $124.91 and a one year high of $234.88. The stock has a market cap of $33,105.43, a P/E ratio of 19.43, a P/E/G ratio of 0.69 and a beta of 1.40. The company has a quick ratio of 2.09, a current ratio of 2.47 and a debt-to-equity ratio of 0.29.
Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.66. Lam Research had a return on equity of 36.08% and a net margin of 17.60%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations 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. sell-side analysts expect that Lam Research Co. will post 16.76 EPS for the current year.
Lam Research announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, March 6th. Lam Research’s dividend payout ratio is currently 20.04%.
Several institutional investors have recently made changes to their positions in the company. Sii Investments Inc. WI raised its stake in shares of Lam Research by 6.0% during the 3rd quarter. Sii Investments Inc. WI now owns 4,654 shares of the semiconductor company’s stock worth $858,000 after purchasing an additional 262 shares in the last quarter. Krilogy Financial LLC raised its stake in Lam Research by 91.6% in the 3rd quarter. Krilogy Financial LLC now owns 550 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 263 shares during the period. Investec Asset Management PTY Ltd raised its stake in Lam Research by 3.4% in the 3rd quarter. Investec Asset Management PTY Ltd now owns 8,103 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 265 shares during the period. Amalgamated Bank raised its stake in Lam Research by 1.6% in the 3rd quarter. Amalgamated Bank now owns 19,460 shares of the semiconductor company’s stock valued at $3,601,000 after acquiring an additional 298 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its stake in Lam Research by 12.9% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 2,626 shares of the semiconductor company’s stock valued at $484,000 after acquiring an additional 300 shares during the period. Institutional investors own 90.04% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Lam Research from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Vetr lowered Lam Research from a “strong-buy” rating to a “buy” rating and set a $240.39 price objective for the company. in a research report on Monday, March 12th. FBN Securities assumed coverage on Lam Research in a research report on Thursday, March 15th. They issued an “outperform” rating and a $300.00 price objective for the company. Bank of America assumed coverage on Lam Research in a research report on Wednesday, March 21st. They issued a “buy” rating and a $305.00 price objective for the company. Finally, Mizuho assumed coverage on Lam Research in a research report on Tuesday, March 27th. They issued a “buy” rating and a $250.00 price objective for the company. Twenty-six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Lam Research presently has a consensus rating of “Buy” and an average price target of $243.94.
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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.
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