Lam Research Co. (NASDAQ:LRCX) insider Seshasayee Varadarajan sold 20,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $200.00, for a total transaction of $4,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
LRCX opened at $209.76 on Wednesday. Lam Research Co. has a 12-month low of $122.64 and a 12-month high of $210.00. The company has a quick ratio of 2.79, a current ratio of 3.37 and a debt-to-equity ratio of 0.71. The stock has a market cap of $31.45 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.15 and a beta of 1.59. The stock’s 50 day simple moving average is $186.52.
Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.32. Lam Research had a net margin of 25.64% and a return on equity of 46.66%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the firm posted $4.79 EPS. Lam Research’s revenue for the quarter was down 15.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Lam Research Co. will post 14.33 EPS for the current fiscal year.
Several analysts have commented on the stock. UBS Group reissued a “buy” rating and set a $124.00 price target on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. KeyCorp reissued a “hold” rating on shares of Packaging Corp Of America in a research report on Thursday, April 25th. Royal Bank of Canada set a €18.50 ($21.51) price target on shares of ENI and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. B. Riley set a $33.00 price target on shares of Triumph Bancorp and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, BidaskClub lowered shares of YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $225.41.
Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC raised its position in Lam Research by 119.4% during the 1st quarter. Global Retirement Partners LLC now owns 147 shares of the semiconductor company’s stock worth $26,000 after buying an additional 80 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $28,000. Hexavest Inc. acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $28,000. Strategy Asset Managers LLC acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $33,000. Finally, Stevens First Principles Investment Advisors acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $36,000. 86.38% of the stock is owned by institutional investors.
Lam Research Company Profile
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.
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