Press coverage about Lam Research (NASDAQ:LRCX) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lam Research earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.4235262833737 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Applied Materials, Lam Research Shares Boosted By Upgrades (investors.com)
- Earnings Season Preview: Lam Research Near Buy Zone With EPS Due (finance.yahoo.com)
- Susquehanna Upgrades Lam Research On Favorable Industry Outlook (finance.yahoo.com)
- Lam Research (LRCX) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- 4 Best Technology Stocks for Growth Investors Right Now (finance.yahoo.com)
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna Bancshares upgraded shares of Lam Research from a “neutral” rating to a “positive” rating and upped their target price for the stock from $200.00 to $250.00 in a research report on Tuesday. UBS Group upgraded shares of Lam Research from a “neutral” rating to a “positive” rating in a research report on Tuesday. BidaskClub upgraded shares of Lam Research from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Finally, Vetr lowered shares of Lam Research from a “strong-buy” rating to a “buy” rating and set a $215.24 price objective for the company. in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $220.65.
Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.19. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Lam Research had a net margin of 22.85% and a return on equity of 30.19%. The company’s revenue was up 51.8% compared to the same quarter last year. During the same period last year, the business earned $1.81 EPS. equities analysts expect that Lam Research will post 14.74 earnings per share for the current fiscal year.
Lam Research announced that its board has approved a share repurchase program on Tuesday, November 14th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 6th were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 5th. This is a boost from Lam Research’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.05%. Lam Research’s dividend payout ratio (DPR) is 18.26%.
In other Lam Research news, Director Michael R. Cannon sold 9,000 shares of Lam Research stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $212.43, for a total transaction of $1,911,870.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Patrick J. Lord sold 264 shares of Lam Research stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $216.08, for a total transaction of $57,045.12. The disclosure for this sale can be found here. Insiders sold a total of 31,269 shares of company stock valued at $6,615,633 over the last quarter. 0.41% of the stock is owned by company insiders.
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Lam Research Company Profile
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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