Lam Research Co. (NASDAQ:LRCX) gapped down before the market opened on Thursday . The stock had previously closed at $152.45, but opened at $150.25. Lam Research shares last traded at $151.56, with a volume of 68816 shares traded.

LRCX has been the subject of several analyst reports. DA Davidson restated a “buy” rating on shares of Lam Research in a research note on Monday, July 23rd. UBS Group upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Tuesday, June 26th. Citigroup decreased their target price on shares of Lam Research from $245.00 to $239.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Bank of America decreased their target price on shares of Lam Research from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, June 11th. Finally, Stifel Nicolaus decreased their target price on shares of Lam Research from $295.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $245.45.

The company has a current ratio of 2.90, a quick ratio of 2.31 and a debt-to-equity ratio of 0.27. The company has a market cap of $23.84 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $5.31 EPS for the quarter, beating the Zacks’ consensus estimate of $4.94 by $0.37. Lam Research had a net margin of 21.49% and a return on equity of 47.14%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm posted $3.11 EPS. The firm’s revenue was up 33.3% compared to the same quarter last year. sell-side analysts expect that Lam Research Co. will post 15.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were paid 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 2.90%. Lam Research’s dividend payout ratio (DPR) is 24.62%.

A number of hedge funds and other institutional investors have recently bought and sold shares of LRCX. Independent Advisor Alliance raised its holdings in shares of Lam Research by 21.0% during the second quarter. Independent Advisor Alliance now owns 1,574 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 273 shares during the period. BerganKDV Wealth Management LLC raised its holdings in shares of Lam Research by 7.0% during the second quarter. BerganKDV Wealth Management LLC now owns 4,458 shares of the semiconductor company’s stock worth $770,000 after purchasing an additional 292 shares during the period. HGK Asset Management Inc. raised its holdings in shares of Lam Research by 8.9% during the second quarter. HGK Asset Management Inc. now owns 3,686 shares of the semiconductor company’s stock worth $637,000 after purchasing an additional 300 shares during the period. Bollard Group LLC raised its holdings in shares of Lam Research by 43.0% during the second quarter. Bollard Group LLC now owns 1,005 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 302 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Lam Research by 5.6% during the second quarter. Stephens Inc. AR now owns 5,669 shares of the semiconductor company’s stock worth $980,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Lam Research Company Profile (NASDAQ:LRCX)

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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