Traders sold shares of Lam Research Corporation (NASDAQ:LRCX) on strength during trading on Monday. $90.56 million flowed into the stock on the tick-up and $118.08 million flowed out of the stock on the tick-down, for a money net flow of $27.52 million out of the stock. Of all equities tracked, Lam Research Corporation had the 17th highest net out-flow for the day. Lam Research Corporation traded up $5.79 for the day and closed at $155.84

A number of equities analysts have recently issued reports on the company. UBS AG reaffirmed a “buy” rating and set a $158.00 price target (up from $144.00) on shares of Lam Research Corporation in a research report on Saturday, April 22nd. B. Riley reaffirmed a “buy” rating and set a $220.00 price target on shares of Lam Research Corporation in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price target (up from $145.00) on shares of Lam Research Corporation in a research report on Thursday, July 27th. Needham & Company LLC upped their price target on Lam Research Corporation from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Lam Research Corporation in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Lam Research Corporation presently has a consensus rating of “Buy” and a consensus price target of $172.41.

The company’s 50 day moving average price is $153.65 and its 200-day moving average price is $137.56. The firm has a market capitalization of $25.20 billion, a P/E ratio of 16.87 and a beta of 1.46.

Lam Research Corporation (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.09. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.95%. The firm’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 earnings per share. Analysts expect that Lam Research Corporation will post $12.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Lam Research Corporation’s payout ratio is currently 19.57%.

In other Lam Research Corporation news, COO Timothy Archer sold 6,897 shares of Lam Research Corporation stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total transaction of $1,106,968.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen G. Newberry sold 20,047 shares of Lam Research Corporation stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $150.01, for a total transaction of $3,007,250.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,656 shares of company stock valued at $7,925,366. 0.46% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in LRCX. IFP Advisors Inc raised its position in Lam Research Corporation by 2.7% in the first quarter. IFP Advisors Inc now owns 850 shares of the semiconductor company’s stock worth $109,000 after buying an additional 22 shares in the last quarter. Stephens Inc. AR raised its position in Lam Research Corporation by 6.8% in the first quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock worth $109,000 after buying an additional 54 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Lam Research Corporation during the second quarter worth $134,000. Huntington National Bank raised its position in Lam Research Corporation by 82.1% in the first quarter. Huntington National Bank now owns 1,118 shares of the semiconductor company’s stock worth $144,000 after buying an additional 504 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in Lam Research Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 1,332 shares of the semiconductor company’s stock worth $168,000 after buying an additional 4 shares in the last quarter. Institutional investors own 98.98% of the company’s stock.

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Lam Research Corporation 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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