KeyCorp reiterated their overweight rating on shares of Lam Research Corporation (NASDAQ:LRCX) in a research note issued to investors on Thursday morning, The Fly reports. KeyCorp also issued estimates for Lam Research Corporation’s Q1 2018 earnings at $3.28 EPS, Q3 2018 earnings at $3.33 EPS, Q4 2018 earnings at $3.44 EPS, Q1 2019 earnings at $3.00 EPS, Q3 2019 earnings at $3.39 EPS, Q4 2019 earnings at $3.57 EPS and FY2019 earnings at $13.24 EPS.

Several other equities research analysts have also recently commented on LRCX. UBS AG reiterated a buy rating and set a $158.00 price target (up previously from $144.00) on shares of Lam Research Corporation in a research report on Saturday, April 22nd. Needham & Company LLC lifted their price target on shares of Lam Research Corporation from $175.00 to $200.00 and gave the stock a buy rating in a research report on Thursday. B. Riley reiterated a buy rating and set a $220.00 price target on shares of Lam Research Corporation in a research report on Thursday. BidaskClub upgraded shares of Lam Research Corporation from a hold rating to a buy rating in a research report on Wednesday, July 12th. Finally, Cowen and Company reissued an outperform rating and set a $185.00 price objective (up previously from $150.00) on shares of Lam Research Corporation in a research note on Thursday. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Lam Research Corporation currently has an average rating of Buy and an average target price of $173.88.

Lam Research Corporation (NASDAQ LRCX) traded down 1.324% during mid-day trading on Thursday, reaching $159.461. 1,371,495 shares of the company traded hands. Lam Research Corporation has a one year low of $88.13 and a one year high of $170.00. The firm has a market cap of $25.79 billion, a PE ratio of 17.258 and a beta of 1.45. The stock’s 50-day moving average price is $153.52 and its 200-day moving average price is $136.44.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.09. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.95%. The company’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 EPS. Analysts forecast that Lam Research Corporation will post $12.65 earnings per share for the current fiscal year.

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In other Lam Research Corporation news, Director Stephen G. Newberry sold 20,047 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $150.01, for a total value of $3,007,250.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Sarah A. O’dowd sold 10,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were 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. Over the last quarter, insiders sold 51,656 shares of company stock worth $7,925,366. Corporate insiders own 0.46% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LRCX. IFP Advisors Inc increased its position in Lam Research Corporation by 2.7% in the first quarter. IFP Advisors Inc now owns 850 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 22 shares in the last quarter. Stephens Inc. AR increased its position in Lam Research Corporation by 6.8% in the first quarter. Stephens Inc. AR now owns 849 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 54 shares in the last quarter. Huntington National Bank increased its position in Lam Research Corporation by 82.1% in the first quarter. Huntington National Bank now owns 1,118 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 504 shares in the last quarter. Quadrant Capital Group LLC increased its position in Lam Research Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 1,332 shares of the semiconductor company’s stock valued at $168,000 after buying an additional 4 shares in the last quarter. Finally, Financial Architects Inc increased its position in Lam Research Corporation by 1,164.8% in the second quarter. Financial Architects Inc now owns 1,366 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 1,258 shares in the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

Lam Research Corporation 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.

The Fly

Analyst Recommendations for Lam Research Corporation (NASDAQ:LRCX)

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