Media stories about Lam Research (NASDAQ:LRCX) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lam Research earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.3388568595725 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Why Lam Research (LRCX) Is a Strong Buy Stock (finance.yahoo.com)
- Lam Research (LRCX) Coverage Initiated by Analysts at Bank of America (americanbankingnews.com)
- UPDATE: BofA/Merrill Lynch Starts Lam Research (LRCX) at Buy, Top Pick – StreetInsider.com (streetinsider.com)
- 5 Reasons Why You Should Buy Applied Materials (AMAT) Stock (finance.yahoo.com)
- BofAML initiates Lam Research at 39% upside (seekingalpha.com)
Shares of Lam Research stock opened at $224.28 on Thursday. Lam Research has a fifty-two week low of $123.96 and a fifty-two week high of $234.88. The company has a market cap of $35,707.78, a PE ratio of 24.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, March 6th. Lam Research’s payout ratio is 22.05%.
Lam Research announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 6th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Lam Research from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. Vetr downgraded shares of Lam Research from a “strong-buy” rating to a “buy” rating and set a $240.39 price target on the stock. in a report on Monday, March 12th. KeyCorp reissued an “overweight” rating and issued a $261.00 price target (up from $225.00) on shares of Lam Research in a report on Wednesday, January 24th. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price target (up from $235.00) on shares of Lam Research in a report on Thursday, January 25th. Finally, Stifel Nicolaus boosted their price target on shares of Lam Research from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Twenty-five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $243.69.
In other news, insider Richard A. Gottscho sold 16,866 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $210.02, for a total value of $3,542,197.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy Archer sold 6,465 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $214.28, for a total transaction of $1,385,320.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,619 shares of company stock worth $10,790,107. Insiders own 0.41% of the company’s stock.
About Lam Research
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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