Lam Research Co. (NASDAQ:LRCX) Receives Consensus Rating of “Moderate Buy” from Analysts

Lam Research Co. (NASDAQ:LRCX) has received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $95.77.

Several equities research analysts recently issued reports on LRCX shares. Wells Fargo & Company cut their price objective on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group cut their price target on shares of Lam Research from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 10th. Mizuho decreased their price objective on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Sanford C. Bernstein cut their target price on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Finally, Barclays decreased their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday.

Lam Research Trading Up 1.4 %

LRCX opened at $80.30 on Thursday. The firm has a market capitalization of $103.32 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.45. The company’s 50 day simple moving average is $74.73 and its two-hundred day simple moving average is $80.63. Lam Research has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $6.85 earnings per share. Analysts expect that Lam Research will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research’s payout ratio is 29.74%.

Institutional Investors Weigh In On Lam Research

Hedge funds and other institutional investors have recently modified their holdings of the company. FCG Investment Co increased its holdings in Lam Research by 934.6% in the fourth quarter. FCG Investment Co now owns 16,853 shares of the semiconductor company’s stock valued at $1,217,000 after buying an additional 15,224 shares during the last quarter. Veracity Capital LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $333,000. Red Door Wealth Management LLC acquired a new stake in shares of Lam Research during the 4th quarter worth about $589,000. Trust Co. of Oklahoma lifted its stake in Lam Research by 904.2% during the fourth quarter. Trust Co. of Oklahoma now owns 25,778 shares of the semiconductor company’s stock worth $1,862,000 after purchasing an additional 23,211 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in Lam Research by 1,020.6% in the fourth quarter. Avior Wealth Management LLC now owns 1,524 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 1,388 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Company Profile

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.