Lam Research Co. (NASDAQ:LRCX) Insider Sells $363,284.00 in Stock

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

Lam Research Price Performance

NASDAQ:LRCX opened at $913.28 on Thursday. The firm has a market cap of $119.40 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 2.82 and a beta of 1.51. The company’s 50-day moving average price is $940.71 and its two-hundred day moving average price is $824.74. 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 12 month low of $512.09 and a 12 month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company earned $6.99 EPS. Lam Research’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Lam Research Co. will post 29.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LRCX. Deutsche Bank Aktiengesellschaft started coverage on shares of Lam Research in a report on Thursday, April 11th. They set a “hold” rating and a $1,000.00 price objective for the company. Raymond James upped their price objective on Lam Research from $850.00 to $950.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. B. Riley raised shares of Lam Research from a “neutral” rating to a “buy” rating and boosted their price target for the company from $870.00 to $1,100.00 in a report on Friday, April 19th. Barclays increased their price objective on shares of Lam Research from $825.00 to $865.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $950.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Whale Capital LLP lifted its position in shares of Lam Research by 0.7% during the third quarter. Blue Whale Capital LLP now owns 112,300 shares of the semiconductor company’s stock worth $70,386,000 after purchasing an additional 800 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in Lam Research by 20.9% in the 4th quarter. Citizens Financial Group Inc. RI now owns 491 shares of the semiconductor company’s stock valued at $384,000 after buying an additional 85 shares during the last quarter. Everence Capital Management Inc. increased its stake in shares of Lam Research by 54.7% in the 4th quarter. Everence Capital Management Inc. now owns 4,073 shares of the semiconductor company’s stock valued at $3,190,000 after buying an additional 1,440 shares during the period. Gradient Investments LLC raised its position in shares of Lam Research by 32,411.1% during the fourth quarter. Gradient Investments LLC now owns 14,630 shares of the semiconductor company’s stock worth $11,459,000 after acquiring an additional 14,585 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Lam Research during the fourth quarter valued at $7,930,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Company Profile

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.