Shares of Lam Research Corp. (NASDAQ:LRCX) reached a new 52-week high on Tuesday . The stock traded as high as $90.00 and last traded at $89.73, with a volume of 847,165 shares changing hands. The stock had previously closed at $89.33.

Several analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of Lam Research Corp. from $76.00 to $80.00 in a report on Tuesday, March 29th. Zacks Investment Research upgraded shares of Lam Research Corp. from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, May 6th. Needham & Company LLC restated a “buy” rating on shares of Lam Research Corp. in a research note on Saturday, June 25th. Deutsche Bank AG restated a “buy” rating on shares of Lam Research Corp. in a research note on Sunday, March 27th. Finally, B. Riley restated a “buy” rating and issued a $96.00 price target (up previously from $90.00) on shares of Lam Research Corp. in a research note on Thursday, April 21st. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $92.07.

The company’s 50 day moving average price is $83.94 and its 200 day moving average price is $77.36. The firm has a market capitalization of $14.30 billion and a price-to-earnings ratio of 19.934.

Lam Research Corp. (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 20th. The company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.08. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Lam Research Corp.’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Equities analysts anticipate that Lam Research Corp. will post $6.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 8th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, June 6th.

A number of hedge funds and institutional investors recently made changes to their positions in LRCX. Systematic Financial Management LP raised its position in shares of Lam Research Corp. by 142.8% in the fourth quarter. Systematic Financial Management LP now owns 940,318 shares of the company’s stock valued at $74,680,000 after buying an additional 552,999 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Lam Research Corp. by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 13,678,637 shares of the company’s stock valued at $1,086,358,000 after buying an additional 402,775 shares in the last quarter. Winton Capital Group Ltd increased its stake in shares of Lam Research Corp. by 57.3% in the fourth quarter. Winton Capital Group Ltd now owns 408,297 shares of the company’s stock valued at $32,427,000 after buying an additional 148,736 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in shares of Lam Research Corp. by 115.2% in the fourth quarter. Foresters Investment Management Company Inc. now owns 215,150 shares of the company’s stock valued at $17,087,000 after buying an additional 115,150 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in shares of Lam Research Corp. by 139.8% in the fourth quarter. State of Wisconsin Investment Board now owns 151,604 shares of the company’s stock valued at $12,040,000 after buying an additional 88,390 shares in the last quarter.

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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