Timothy Archer Sells 6,465 Shares of Lam Research Co. (LRCX) Stock

Lam Research Co. (NASDAQ:LRCX) insider Timothy Archer sold 6,465 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $214.28, for a total transaction of $1,385,320.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Timothy Archer also recently made the following trade(s):

  • On Wednesday, March 21st, Timothy Archer sold 16,574 shares of Lam Research stock. The stock was sold at an average price of $221.41, for a total transaction of $3,669,649.34.

Shares of Lam Research stock opened at $190.65 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. The stock has a market cap of $32,862.63, a P/E ratio of 19.10, a PEG ratio of 0.68 and a beta of 1.41. Lam Research Co. has a 12-month low of $124.91 and a 12-month high of $234.88.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $4.34 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.66. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.24 EPS. equities research analysts forecast that Lam Research Co. will post 16.76 EPS for the current fiscal year.

Lam Research announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 6th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the semiconductor company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Tuesday, March 6th. Lam Research’s dividend payout ratio is 20.04%.

Large investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Lam Research by 5.7% during the 3rd quarter. Janus Henderson Group PLC now owns 5,014,215 shares of the semiconductor company’s stock worth $927,828,000 after acquiring an additional 271,546 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,917,899 shares of the semiconductor company’s stock worth $352,365,000 after acquiring an additional 74,507 shares during the last quarter. Nordea Investment Management AB boosted its stake in Lam Research by 66.0% during the 3rd quarter. Nordea Investment Management AB now owns 1,575,269 shares of the semiconductor company’s stock worth $291,488,000 after acquiring an additional 626,034 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Lam Research by 16.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,568,123 shares of the semiconductor company’s stock worth $288,644,000 after acquiring an additional 219,479 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Lam Research by 16.4% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,055,653 shares of the semiconductor company’s stock worth $194,314,000 after acquiring an additional 148,375 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

Several research analysts have commented on LRCX shares. Vetr cut shares of Lam Research from a “buy” rating to a “hold” rating and set a $218.49 target price for the company. in a research report on Tuesday, January 23rd. UBS started coverage on shares of Lam Research in a research note on Wednesday. They issued a “neutral” rating and a $220.00 price target for the company. Zacks Investment Research raised shares of Lam Research from a “hold” rating to a “buy” rating and set a $234.00 target price for the company in a research note on Tuesday, January 23rd. Bank of America assumed coverage on shares of Lam Research in a research note on Wednesday, March 21st. They set a “buy” rating and a $305.00 target price for the company. Finally, Nomura restated a “buy” rating and issued a $230.00 price target on shares of Lam Research in a research report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $245.14.

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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.

Insider Buying and Selling by Quarter for Lam Research (NASDAQ:LRCX)

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