Lam Research Corporation (NASDAQ:LRCX) Director Stephen G. Newberry sold 750 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $170.00, for a total value of $127,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stephen G. Newberry also recently made the following trade(s):

  • On Wednesday, July 19th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $160.50, for a total value of $120,375.00.
  • On Thursday, July 20th, Stephen G. Newberry sold 1,500 shares of Lam Research Corporation stock. The shares were sold at an average price of $162.75, for a total value of $244,125.00.
  • On Wednesday, July 12th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $155.41, for a total value of $116,557.50.

Shares of Lam Research Corporation (NASDAQ LRCX) opened at 172.99 on Friday. The stock’s 50 day moving average price is $161.26 and its 200 day moving average price is $147.54. The firm has a market capitalization of $28.10 billion, a price-to-earnings ratio of 18.72 and a beta of 1.47. Lam Research Corporation has a 12-month low of $90.56 and a 12-month high of $174.37.

Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. Lam Research Corporation’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same period last year, the company posted $1.80 EPS. Equities research analysts expect that Lam Research Corporation will post $12.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio is presently 19.57%.

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LRCX has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Lam Research Corporation in a research note on Friday, July 7th. Credit Suisse Group restated a “buy” rating on shares of Lam Research Corporation in a research note on Tuesday, August 29th. DA Davidson restated a “buy” rating and issued a $175.00 price target on shares of Lam Research Corporation in a research note on Wednesday, July 26th. Bank of America Corporation restated a “buy” rating and issued a $195.00 price target (up previously from $165.00) on shares of Lam Research Corporation in a research note on Sunday, June 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $189.00 price target (up previously from $170.00) on shares of Lam Research Corporation in a research note on Monday, June 19th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $177.68.

A number of hedge funds have recently added to or reduced their stakes in LRCX. IFP Advisors Inc raised its holdings in Lam Research Corporation by 2.7% in the 1st quarter. IFP Advisors Inc now owns 850 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 22 shares during the last quarter. Stephens Inc. AR raised its holdings in Lam Research Corporation by 6.8% in the 1st quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 54 shares during the last quarter. Odey Holdings AG raised its holdings in Lam Research Corporation by 9.9% in the 2nd quarter. Odey Holdings AG now owns 810 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 73 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Lam Research Corporation in the 2nd quarter valued at about $118,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Lam Research Corporation in the 2nd quarter valued at about $134,000. Institutional investors own 94.10% of the company’s stock.

About Lam Research Corporation

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.

Insider Buying and Selling by Quarter for Lam Research Corporation (NASDAQ:LRCX)

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