Somewhat Positive Press Coverage Somewhat Unlikely to Affect Lam Research Corporation (LRCX) Share Price
News articles about Lam Research Corporation (NASDAQ:LRCX) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lam Research Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.5019014646017 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s rankings:
- Deep Dive: Fund manager looks beyond ‘FAANG’ stocks and finds even bigger winners for 2018 (marketwatch.com)
- Why Lam Research Corporation (LRCX) Stock Might be a Great Pick – Nasdaq (nasdaq.com)
- Lam Research (LRCX) Up 9.6% Since Earnings Report: Can It Continue? – Nasdaq (nasdaq.com)
- Lam Research In Strong Uptrend (finance.yahoo.com)
- Lam Research Corp. — Moody’s upgrades Lam Research snr unsec rating to A3 and assigns Prime-2 short term rating; outlook stable (finance.yahoo.com)
Lam Research Corporation (NASDAQ LRCX) traded down $2.75 on Friday, reaching $210.47. The company had a trading volume of 1,907,328 shares, compared to its average volume of 2,081,047. Lam Research Corporation has a 12-month low of $97.79 and a 12-month high of $217.00. The company has a current ratio of 3.31, a quick ratio of 2.83 and a debt-to-equity ratio of 0.24. The firm has a market cap of $34,530.00, a price-to-earnings ratio of 17.97, a P/E/G ratio of 0.97 and a beta of 1.63.
Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.19. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.46 billion. Lam Research Corporation had a return on equity of 30.19% and a net margin of 22.85%. The company’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share. research analysts expect that Lam Research Corporation will post 14.45 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. This is a boost from Lam Research Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, December 5th. Lam Research Corporation’s dividend payout ratio is 16.44%.
Lam Research Corporation declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
A number of equities analysts have commented on LRCX shares. Credit Suisse Group reaffirmed a “buy” rating on shares of Lam Research Corporation in a research note on Tuesday, August 29th. DA Davidson reissued a “buy” rating and issued a $175.00 price target on shares of Lam Research Corporation in a research note on Wednesday, July 26th. Argus assumed coverage on shares of Lam Research Corporation in a research note on Tuesday, September 12th. They issued a “buy” rating and a $196.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of Lam Research Corporation in a report on Friday, September 1st. Finally, KeyCorp restated an “outperform” rating and issued a $202.00 price objective on shares of Lam Research Corporation in a report on Saturday, September 16th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Lam Research Corporation presently has a consensus rating of “Buy” and an average target price of $212.89.
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In other Lam Research Corporation news, Director Michael R. Cannon sold 9,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $212.43, for a total value of $1,911,870.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen G. Newberry sold 750 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $170.00, for a total value of $127,500.00. The disclosure for this sale can be found here. Insiders have sold 49,419 shares of company stock worth $9,079,367 in the last ninety days. 0.41% of the stock is currently owned by insiders.
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.
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