Somewhat Positive News Coverage Somewhat Unlikely to Impact Lam Research (NASDAQ:LRCX) Stock Price

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:

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) traded up $1.88 during trading hours on Tuesday, hitting $190.39. 4,250,000 shares of the stock were exchanged, compared to its average volume of 3,000,000. Lam Research has a twelve month low of $108.46 and a twelve month high of $219.70. The company has a market cap of $30,830.00, a PE ratio of 17.39, a P/E/G ratio of 0.86 and a beta of 1.57. The company has a quick ratio of 2.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.24.

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.

WARNING: This article was reported by BBNS and is owned by of BBNS. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://baseballnewssource.com/markets/lam-research-lrcx-given-daily-media-sentiment-rating-of-0-19/1821371.html.

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.

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

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.