Lam Research Co. (LRCX) to Issue Quarterly Dividend of $0.23 on April 9th

Lam Research Co. (NASDAQ:LRCX) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Wednesday, March 5th will be given a dividend of 0.23 per share by the semiconductor company on Wednesday, April 9th. This represents a $0.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th.

Lam Research has raised its dividend payment by an average of 15.4% per year over the last three years. Lam Research has a dividend payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lam Research to earn $3.79 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 24.3%.

Lam Research Stock Down 0.6 %

LRCX stock opened at $82.33 on Friday. Lam Research has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. The firm has a market capitalization of $105.68 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.37 and a beta of 1.46. The company’s 50 day simple moving average is $76.75 and its 200-day simple moving average is $78.29.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, equities research analysts anticipate that Lam Research will post 3.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Lam Research to a “hold” rating in a report on Thursday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Barclays lowered their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company boosted their target price on shares of Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $95.72.

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.