Lam Research Corporation (LRCX) Earning Somewhat Positive Media Coverage, Accern Reports
Media stories about Lam Research Corporation (NASDAQ:LRCX) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.19 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.0600104791015 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Lam Research Corporation’s (LRCX) Buy Rating Reiterated at B. Riley (americanbankingnews.com)
- Lam Research Corp. breached its 50 day moving average in a Bullish Manner : LRCX-US : August 14, 2017 (finance.yahoo.com)
- Lam Research Corporation (LRCX) Earns Overweight Rating from Morgan Stanley (americanbankingnews.com)
- Investec Asset Management Ltd Adjusts Its Stake in Lam Research Corporation (LRCX) Stock Last Quarter – Modern Readers (modernreaders.com)
- Lam Research Corporation (LRCX) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
Shares of Lam Research Corporation (LRCX) traded up 1.05% during trading on Tuesday, hitting $160.21. 1,817,424 shares of the stock were exchanged. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 17.34 and a beta of 1.46. The stock’s 50 day moving average is $154.58 and its 200-day moving average is $140.33. Lam Research Corporation has a 12-month low of $89.50 and a 12-month high of $170.00.
Lam Research Corporation (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, beating the Zacks’ consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.95%. The firm’s revenue was up 51.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. Equities research analysts anticipate that Lam Research Corporation will post $12.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, September 12th. Lam Research Corporation’s dividend payout ratio is 19.57%.
A number of analysts recently issued reports on LRCX shares. Stifel Nicolaus restated a “buy” rating and set a $150.00 target price on shares of Lam Research Corporation in a research report on Monday, April 17th. Cowen and Company restated an “outperform” rating and set a $125.00 target price on shares of Lam Research Corporation in a research report on Monday, April 17th. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 target price (up previously from $140.00) on shares of Lam Research Corporation in a research report on Tuesday, April 18th. B. Riley restated a “buy” rating and set a $175.00 target price on shares of Lam Research Corporation in a research report on Wednesday, April 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $129.00 target price on shares of Lam Research Corporation in a research report on Wednesday, April 19th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $175.18.
In other Lam Research Corporation news, Director Stephen G. Newberry sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $120,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sarah A. O’dowd sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $150.92, for a total transaction of $1,509,200.00. The disclosure for this sale can be found here. Insiders sold 51,656 shares of company stock valued at $7,925,366 over the last three months. Insiders own 0.46% of the company’s stock.
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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