Lam Research Corporation (NASDAQ:LRCX) Director Stephen G. Newberry sold 750 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total transaction of $120,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Stephen G. Newberry also recently made the following trade(s):
- On Thursday, July 20th, Stephen G. Newberry sold 1,500 shares of Lam Research Corporation stock. The shares were sold at an average price of $162.75, for a total transaction of $244,125.00.
- On Wednesday, July 12th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. The shares were sold at an average price of $155.41, for a total transaction of $116,557.50.
- On Thursday, May 18th, Stephen G. Newberry sold 20,047 shares of Lam Research Corporation stock. The shares were sold at an average price of $150.01, for a total transaction of $3,007,250.47.
Lam Research Corporation (NASDAQ LRCX) opened at 163.53 on Friday. The company has a market cap of $26.38 billion, a PE ratio of 20.77 and a beta of 1.44. The stock has a 50 day moving average of $152.86 and a 200-day moving average of $134.18. Lam Research Corporation has a 12-month low of $88.13 and a 12-month high of $167.05.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.10%. Lam Research Corporation’s dividend payout ratio (DPR) is presently 22.96%.
LRCX has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $165.00 target price (up previously from $145.00) on shares of Lam Research Corporation in a research report on Saturday, April 22nd. Deutsche Bank AG boosted their target price on shares of Lam Research Corporation from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. B. Riley reissued a “buy” rating and issued a $175.00 target price on shares of Lam Research Corporation in a research report on Wednesday, April 19th. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 target price (up previously from $125.00) on shares of Lam Research Corporation in a research report on Monday, March 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $125.00 target price on shares of Lam Research Corporation in a research report on Monday, April 3rd. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $153.59.
Several hedge funds have recently modified their holdings of the stock. Regentatlantic Capital LLC acquired a new stake in shares of Lam Research Corporation during the first quarter worth about $214,000. Pennsylvania Trust Co acquired a new stake in shares of Lam Research Corporation during the first quarter worth about $226,000. Quadrant Capital Group LLC increased its stake in shares of Lam Research Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 1,332 shares of the semiconductor company’s stock worth $168,000 after buying an additional 4 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Lam Research Corporation by 382.1% in the first quarter. Koshinski Asset Management Inc. now owns 17,984 shares of the semiconductor company’s stock worth $2,308,000 after buying an additional 14,254 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in shares of Lam Research Corporation by 7.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,712 shares of the semiconductor company’s stock worth $6,509,000 after buying an additional 3,400 shares during the period. Hedge funds and other institutional investors own 99.05% of the company’s stock.
Lam Research Corporation 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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