Lam Research Co. (NASDAQ:LRCX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lam Research Co. (NASDAQ:LRCX) have been assigned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $95.77.

Several brokerages recently issued reports on LRCX. Morgan Stanley lifted their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Barclays cut their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Mizuho dropped their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their target price on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Atwood & Palmer Inc. acquired a new position in Lam Research during the fourth quarter worth $27,000. West Oak Capital LLC boosted its holdings in Lam Research by 50.9% during the fourth quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Finley Financial LLC acquired a new position in Lam Research during the fourth quarter worth $30,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in Lam Research by 159.1% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 307 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in Lam Research during the fourth quarter worth $37,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $83.25 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The firm’s 50-day simple moving average is $74.92 and its 200-day simple moving average is $80.24. Lam Research has a twelve month low of $68.87 and a twelve month high of $113.00. The firm has a market cap of $107.12 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business earned $6.85 EPS. The firm’s revenue was up 19.7% on a year-over-year basis. As a group, research analysts expect that Lam Research will post 3.51 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

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.