Insider Selling: Lam Research Co. (NASDAQ:LRCX) Insider Sells 400 Shares of Stock

Lam Research Co. (NASDAQ:LRCX) insider George M. Schisler sold 400 shares of Lam Research stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $908.21, for a total value of $363,284.00. Following the transaction, the insider now directly owns 5,661 shares of the company’s stock, valued at $5,141,376.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lam Research Trading Up 1.7 %

Lam Research stock traded up $15.47 during trading hours on Monday, reaching $924.00. 207,568 shares of the company’s stock were exchanged, compared to its average volume of 1,057,232. The firm has a market capitalization of $120.80 billion, a PE ratio of 33.41, a PEG ratio of 2.82 and a beta of 1.51. The firm’s 50 day simple moving average is $941.31 and its 200 day simple moving average is $820.25. The company has a quick ratio of 1.84, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. Lam Research Co. has a twelve month low of $512.09 and a twelve month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the firm earned $6.99 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts predict that Lam Research Co. will post 29.62 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.87%. Lam Research’s dividend payout ratio is 29.42%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Lam Research in the fourth quarter worth $1,414,111,000. International Assets Investment Management LLC raised its holdings in Lam Research by 76,165.7% in the fourth quarter. International Assets Investment Management LLC now owns 318,028 shares of the semiconductor company’s stock worth $249,099,000 after purchasing an additional 317,611 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Lam Research by 1,125.6% during the 4th quarter. Cerity Partners LLC now owns 342,139 shares of the semiconductor company’s stock valued at $267,984,000 after buying an additional 314,224 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Lam Research by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 968,115 shares of the semiconductor company’s stock worth $940,592,000 after purchasing an additional 191,230 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Lam Research by 106.5% during the third quarter. Canada Pension Plan Investment Board now owns 301,071 shares of the semiconductor company’s stock valued at $188,702,000 after acquiring an additional 155,240 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Susquehanna lowered their price target on Lam Research from $880.00 to $850.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Evercore ISI assumed coverage on Lam Research in a research note on Tuesday, April 16th. They set an “outperform” rating and a $1,200.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $1,100.00 target price on shares of Lam Research in a report on Thursday, April 25th. Barclays upped their price target on shares of Lam Research from $825.00 to $865.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Finally, Raymond James boosted their target price on shares of Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $950.85.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.