Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Lam Research (LRCX) Stock Price
Media headlines about Lam Research (NASDAQ:LRCX) have been trending somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lam Research earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.4235262833737 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Highly Rated Lam Research Forms Later-Stage Base With Earnings Due (finance.yahoo.com)
- Estimating The Intrinsic Value Of Lam Research Corporation (NASDAQ:LRCX) (finance.yahoo.com)
- Performance Analysis Delights Active Investors: Lam Research Corporation (LRCX), Synchrony Financial (SYF) (nismagazine.com)
- $2.56 Billion in Sales Expected for Lam Research Co. (LRCX) This Quarter (americanbankingnews.com)
- Lam Research Corporation, (NASDAQ: LRCX) – Is The Stock Worthy? – Stock Watch (stocksnewstimes.com)
Lam Research (NASDAQ LRCX) traded down $0.31 during trading hours on Tuesday, reaching $197.57. The company had a trading volume of 2,953,638 shares, compared to its average volume of 3,060,000. The stock has a market capitalization of $32,000.00, a price-to-earnings ratio of 18.04, a PEG ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 2.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.24. Lam Research has a 52-week low of $106.80 and a 52-week high of $219.70.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, December 5th. This is a positive change from Lam Research’s previous quarterly dividend of $0.45. Lam Research’s dividend payout ratio is 18.26%.
Lam Research declared that its board has approved a stock repurchase plan on Tuesday, November 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of research firms have commented on LRCX. KeyCorp restated a “buy” rating and set a $225.00 price target on shares of Lam Research in a research note on Sunday, November 19th. B. Riley restated a “buy” rating and set a $250.00 price target on shares of Lam Research in a research note on Tuesday, November 14th. Royal Bank of Canada upped their price target on Lam Research from $210.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Deutsche Bank upped their price target on Lam Research to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Needham & Company LLC upped their price target on Lam Research from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $212.99.
In related news, Director Stephen G. Newberry sold 750 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $190.00, for a total value of $142,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Patrick J. Lord sold 264 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $216.08, for a total value of $57,045.12. The disclosure for this sale can be found here. Insiders sold 32,769 shares of company stock worth $6,904,451 in the last three months. 0.41% of the stock is currently owned by corporate insiders.
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Lam Research 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.
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