Lam Research Co. (NASDAQ:LRCX) CEO Martin B. Anstice sold 11,200 shares of Lam Research stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $225.00, for a total transaction of $2,520,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Lam Research stock traded down $9.51 during mid-day trading on Thursday, hitting $214.77. 3,245,486 shares of the company’s stock traded hands, compared to its average volume of 3,867,844. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 2.09. Lam Research Co. has a 52-week low of $124.82 and a 52-week high of $234.88. The stock has a market capitalization of $35,707.78, a P/E ratio of 23.68, a PEG ratio of 0.88 and a beta of 1.43.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 24th. The semiconductor company reported $4.34 EPS for the quarter, topping the consensus estimate of $3.68 by $0.66. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm earned $2.24 earnings per share. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. equities analysts forecast that Lam Research Co. will post 16.74 EPS for the current fiscal year.

Lam Research declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 6th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 6th. Lam Research’s payout ratio is 22.05%.

Several hedge funds and other institutional investors have recently modified their holdings of LRCX. Raymond James Financial Services Advisors Inc. increased its stake in shares of Lam Research by 8.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,098 shares of the semiconductor company’s stock worth $1,499,000 after buying an additional 618 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Lam Research by 123.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 4,750 shares of the semiconductor company’s stock worth $878,000 after buying an additional 2,621 shares during the period. Stephens Inc. AR increased its stake in shares of Lam Research by 100.0% in the third quarter. Stephens Inc. AR now owns 1,072 shares of the semiconductor company’s stock worth $198,000 after buying an additional 536 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Lam Research in the third quarter worth $185,000. Finally, Assetmark Inc. increased its stake in shares of Lam Research by 28.4% in the third quarter. Assetmark Inc. now owns 6,222 shares of the semiconductor company’s stock worth $1,151,000 after buying an additional 1,378 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on LRCX shares. Zacks Investment Research lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of Lam Research from $230.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Stifel Nicolaus lifted their target price on shares of Lam Research from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. UBS upgraded shares of Lam Research from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 16th. Finally, Deutsche Bank reiterated a “buy” rating and set a $240.00 target price on shares of Lam Research in a research report on Thursday, January 25th. Twenty-five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Lam Research has an average rating of “Buy” and a consensus target price of $243.69.

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Lam Research 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.

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

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