Trade Report: Today: 9,956 Shares of Lam Research Corp. (LRCX) Stock are sold by Douglas R. Bettinger

Today: 9,956 Shares of Lam Research Corp. (LRCX) Stock are sold by Douglas R. Bettinger

Lam Research Corp. (NASDAQ:LRCX) CFO Douglas R. Bettinger sold 9,956 shares of Lam Research Corp. stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $106.88, for a total value of $1,064,097.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Lam Research Corp. (NASDAQ:LRCX) traded down 0.72% during mid-day trading on Monday, reaching $106.77. The company’s stock had a trading volume of 1,986,609 shares. The company has a market cap of $17.39 billion, a PE ratio of 21.19 and a beta of 1.49. Lam Research Corp. has a 52-week low of $63.10 and a 52-week high of $108.04. The company has a 50-day moving average price of $99.47 and a 200 day moving average price of $90.52.

Lam Research Corp. (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.78 by $0.03. Lam Research Corp. had a return on equity of 18.43% and a net margin of 15.02%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that Lam Research Corp. will post $8.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be paid a $0.45 dividend. The ex-dividend date is Monday, December 12th. This represents a $1.80 annualized dividend and a dividend yield of 1.68%. This is an increase from Lam Research Corp.’s previous quarterly dividend of $0.30. Lam Research Corp.’s dividend payout ratio (DPR) is 23.86%.

A number of brokerages recently issued reports on LRCX. B. Riley restated a “buy” rating and issued a $120.00 price objective on shares of Lam Research Corp. in a research note on Saturday. Credit Suisse Group AG restated a “buy” rating and issued a $100.00 price objective on shares of Lam Research Corp. in a research note on Sunday, August 14th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Lam Research Corp. in a research note on Monday, October 17th. Cowen and Company restated an “outperform” rating and issued a $105.00 price objective (up from $100.00) on shares of Lam Research Corp. in a research note on Tuesday, November 22nd. Finally, Citigroup Inc. restated a “buy” rating and issued a $108.00 price objective on shares of Lam Research Corp. in a research note on Thursday, October 6th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $106.35.

Several hedge funds and other institutional investors have recently bought and sold shares of LRCX. Arizona State Retirement System increased its position in Lam Research Corp. by 0.9% in the first quarter. Arizona State Retirement System now owns 43,128 shares of the company’s stock valued at $3,562,000 after buying an additional 400 shares during the period. Squarepoint Ops LLC increased its stake in shares of Lam Research Corp. by 35.9% in the first quarter. Squarepoint Ops LLC now owns 16,052 shares of the company’s stock valued at $1,326,000 after buying an additional 4,240 shares during the period. First Republic Investment Management Inc. increased its stake in shares of Lam Research Corp. by 0.6% in the first quarter. First Republic Investment Management Inc. now owns 114,024 shares of the company’s stock valued at $9,418,000 after buying an additional 662 shares during the period. BlueMountain Capital Management LLC increased its stake in shares of Lam Research Corp. by 525.8% in the first quarter. BlueMountain Capital Management LLC now owns 8,117 shares of the company’s stock valued at $670,000 after buying an additional 6,820 shares during the period. Finally, DNB Asset Management AS increased its stake in shares of Lam Research Corp. by 3.0% in the second quarter. DNB Asset Management AS now owns 13,937 shares of the company’s stock valued at $1,172,000 after buying an additional 400 shares during the period.

Lam Research Corp. Company Profile

Related posts

Leave a Comment