Lam Research (NASDAQ:LRCX) had its price objective raised by B. Riley to $225.00 in a research report report published on Wednesday morning, The Fly reports. The firm currently has a buy rating on the semiconductor company’s stock. B. Riley also issued estimates for Lam Research’s Q2 2019 earnings at $3.65 EPS, Q3 2019 earnings at $3.70 EPS, Q4 2019 earnings at $3.92 EPS, FY2019 earnings at $14.64 EPS, Q1 2020 earnings at $4.33 EPS, Q2 2020 earnings at $4.72 EPS, Q3 2020 earnings at $4.61 EPS, Q4 2020 earnings at $4.68 EPS, FY2020 earnings at $18.33 EPS and FY2021 earnings at $21.17 EPS.

LRCX has been the subject of several other research reports. BidaskClub downgraded shares of Lam Research from a sell rating to a strong sell rating in a research report on Friday, August 31st. Zacks Investment Research downgraded shares of Lam Research from a hold rating to a sell rating in a research report on Wednesday, October 10th. DA Davidson reduced their price target on shares of Lam Research to $225.00 in a research report on Monday, October 15th. Deutsche Bank reiterated a hold rating and issued a $170.00 price target (down previously from $230.00) on shares of Lam Research in a research report on Monday, October 1st. Finally, Evercore ISI reduced their price target on shares of Lam Research to $240.00 and set an outperform rating for the company in a research report on Tuesday, July 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $230.89.

Shares of Lam Research stock traded up $0.11 during trading hours on Wednesday, hitting $145.20. The company had a trading volume of 4,117,468 shares, compared to its average volume of 3,415,100. Lam Research has a twelve month low of $135.99 and a twelve month high of $234.88. The company has a current ratio of 2.66, a quick ratio of 2.31 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.84 and a beta of 1.32.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Tuesday, October 16th. The semiconductor company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.14. Lam Research had a net margin of 21.26% and a return on equity of 49.80%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the business posted $3.46 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts forecast that Lam Research will post 14.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a $4.40 dividend on an annualized basis and a yield of 3.03%. Lam Research’s payout ratio is currently 24.62%.

A number of institutional investors have recently made changes to their positions in LRCX. Financial Gravity Wealth Inc. acquired a new stake in shares of Lam Research during the first quarter worth approximately $165,000. Baird Financial Group Inc. lifted its stake in Lam Research by 22.3% in the first quarter. Baird Financial Group Inc. now owns 4,572 shares of the semiconductor company’s stock valued at $929,000 after buying an additional 835 shares during the period. LPL Financial LLC raised its position in shares of Lam Research by 48.9% during the first quarter. LPL Financial LLC now owns 31,516 shares of the semiconductor company’s stock worth $6,403,000 after purchasing an additional 10,344 shares during the period. Private Capital Group LLC raised its position in shares of Lam Research by 1,370.4% during the first quarter. Private Capital Group LLC now owns 1,044 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 973 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Lam Research during the first quarter worth about $935,000. Institutional investors own 92.37% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Analyst Recommendations for Lam Research (NASDAQ:LRCX)

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