Lam Research (NASDAQ:LRCX) Given New $100.00 Price Target at Mizuho

Lam Research (NASDAQ:LRCX) had its price target boosted by Mizuho from $87.00 to $100.00 in a research report report published on Thursday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other equities research analysts have also issued reports on LRCX. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and increased their price target for the company from $85.00 to $91.00 in a research report on Thursday, January 30th. Wolfe Research cut shares of Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. B. Riley dropped their price objective on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Friday, January 17th. Finally, BNP Paribas raised Lam Research to a “hold” rating in a report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Trading Up 1.6 %

NASDAQ LRCX opened at $89.02 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The firm has a market cap of $114.27 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.45 and a beta of 1.46. The firm has a 50 day simple moving average of $78.27 and a 200-day simple moving average of $77.97. Lam Research has a one year low of $68.87 and a one year high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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%. Equities research analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s payout ratio is 27.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Lam Research by 39.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the semiconductor company’s stock valued at $15,781,000 after purchasing an additional 5,484 shares in the last quarter. Eastern Bank increased its holdings in Lam Research by 54.9% in the third quarter. Eastern Bank now owns 522 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 185 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Lam Research by 8.1% during the 3rd quarter. Private Advisor Group LLC now owns 6,374 shares of the semiconductor company’s stock valued at $5,201,000 after acquiring an additional 480 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Lam Research by 37.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 780 shares of the semiconductor company’s stock worth $637,000 after acquiring an additional 211 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Lam Research by 38.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,124 shares of the semiconductor company’s stock worth $2,549,000 after acquiring an additional 870 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.