Shares of Lam Research Co. (NASDAQ:LRCX) have been assigned a consensus recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $222.50.

A number of equities research analysts recently commented on the company. Wells Fargo & Co set a $45.00 price target on Perrigo and gave the stock a “hold” rating in a research report on Wednesday, June 19th. UBS Group restated a “buy” rating and set a $124.00 price target on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. Needham & Company LLC increased their price target on Lam Research from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Deutsche Bank decreased their price target on Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered Heritage Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, April 26th.

NASDAQ LRCX traded up $0.24 during trading hours on Friday, reaching $198.47. 1,531,676 shares of the company’s stock were exchanged, compared to its average volume of 1,664,448. The company has a market cap of $29.72 billion, a PE ratio of 11.11, a PEG ratio of 1.15 and a beta of 1.59. Lam Research has a one year low of $122.64 and a one year high of $209.50. The business’s fifty day simple moving average is $184.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.79 and a current ratio of 3.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $3.70 EPS for the quarter, topping the Zacks’ consensus estimate of $3.38 by $0.32. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Lam Research had a return on equity of 46.66% and a net margin of 25.64%. Lam Research’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.79 EPS. On average, equities analysts forecast that Lam Research will post 14.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 12th were given a $1.10 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $4.40 dividend on an annualized basis and a yield of 2.22%. Lam Research’s payout ratio is 24.62%.

In other Lam Research news, Director Abhijit Y. Talwalkar sold 3,988 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $203.00, for a total value of $809,564.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Gottscho sold 7,248 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $209.26, for a total value of $1,516,716.48. The disclosure for this sale can be found here. Insiders sold a total of 13,391 shares of company stock worth $2,776,675 over the last quarter. Corporate insiders own 0.44% of the company’s stock.

Several hedge funds have recently bought and sold shares of LRCX. Global Retirement Partners LLC lifted its stake in shares of Lam Research by 119.4% in the 1st quarter. Global Retirement Partners LLC now owns 147 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 80 shares during the period. Zions Bancorporation N.A. acquired a new position in shares of Lam Research in the 1st quarter valued at $28,000. Hexavest Inc. acquired a new position in shares of Lam Research in the 2nd quarter valued at $28,000. Strategy Asset Managers LLC acquired a new position in shares of Lam Research in the 1st quarter valued at $33,000. Finally, Stevens First Principles Investment Advisors acquired a new position in shares of Lam Research in the 1st quarter valued at $36,000. 86.41% of the stock is currently owned by institutional investors.

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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