Lam Research Corporation (NASDAQ:LRCX) Director Stephen G. Newberry sold 750 shares of Lam Research Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $185.00, for a total transaction of $138,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, September 27th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $180.00, for a total transaction of $135,000.00.
  • On Monday, September 18th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $175.00, for a total transaction of $131,250.00.
  • On Monday, September 11th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $170.00, for a total transaction of $127,500.00.
  • On Wednesday, July 19th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The stock was sold at an average price of $160.50, for a total transaction of $120,375.00.
  • On Thursday, July 20th, Stephen G. Newberry sold 1,500 shares of Lam Research Corporation stock. The stock was sold at an average price of $162.75, for a total transaction of $244,125.00.
  • On Wednesday, July 12th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The stock was sold at an average price of $155.41, for a total transaction of $116,557.50.

Lam Research Corporation (LRCX) opened at 185.95 on Tuesday. The company has a market capitalization of $30.21 billion, a PE ratio of 20.12 and a beta of 1.52. The firm’s 50 day moving average price is $168.37 and its 200-day moving average price is $152.48. Lam Research Corporation has a 12-month low of $93.69 and a 12-month high of $187.57.

Lam Research Corporation (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.02 by $0.09. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $1.80 earnings per share. Lam Research Corporation’s quarterly revenue was up 51.6% on a year-over-year basis. On average, equities analysts anticipate that Lam Research Corporation will post $12.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio (DPR) is currently 19.57%.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. W. E. Donoghue & Co. LLC purchased a new position in shares of Lam Research Corporation during the second quarter valued at approximately $2,095,000. Intl Fcstone Inc. purchased a new stake in Lam Research Corporation in the second quarter worth $242,000. BRILLIANCE ASSET MANAGEMENT Ltd lifted its stake in Lam Research Corporation by 58.1% in the second quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 133,491 shares of the semiconductor company’s stock worth $18,880,000 after acquiring an additional 49,060 shares during the period. Navellier & Associates Inc purchased a new stake in Lam Research Corporation in the second quarter worth $2,432,000. Finally, WFG Advisors LP lifted its stake in Lam Research Corporation by 21.2% in the second quarter. WFG Advisors LP now owns 2,992 shares of the semiconductor company’s stock worth $423,000 after acquiring an additional 524 shares during the period. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on LRCX. DA Davidson reiterated a “buy” rating and issued a $175.00 price target on shares of Lam Research Corporation in a research note on Wednesday, July 26th. Credit Suisse Group restated a “buy” rating on shares of Lam Research Corporation in a research report on Tuesday, August 29th. KeyCorp reaffirmed an “overweight” rating on shares of Lam Research Corporation in a report on Thursday, July 27th. BidaskClub downgraded Lam Research Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $189.00 target price (up from $170.00) on shares of Lam Research Corporation in a research report on Monday, June 19th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $177.68.

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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