Media coverage about Lam Research Corporation (NASDAQ:LRCX) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lam Research Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.9036113372214 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Entegris (ENTG) vs. Lam Research Corporation (LRCX) Head to Head Survey (americanbankingnews.com)
- Lam Research Corporation (NASDAQ:LRCX) Earns Buy Rating from Berenberg Bank (americanbankingnews.com)
- Lam Research Corporation (NASDAQ:LRCX) Sees Light Trading Volume with 172K Shares Changing Hands (highlightpress.com)
- Lam Research Corporation (LRCX) Given a $214.00 Price Target at Credit Suisse Group (americanbankingnews.com)
- These Are the 5 Worst Tech Stocks to Own - TheStreet.com (thestreet.com)
Shares of Lam Research Corporation (NASDAQ:LRCX) traded down 1.92% during midday trading on Friday, hitting $161.60. 2,740,045 shares of the stock were exchanged. Lam Research Corporation has a 1-year low of $88.13 and a 1-year high of $170.00. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 17.49 and a beta of 1.44. The stock’s 50-day moving average price is $153.52 and its 200-day moving average price is $136.44.
Lam Research Corporation (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.02 by $0.09. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a return on equity of 26.95% and a net margin of 21.19%. The company’s quarterly revenue was up 51.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 EPS. On average, analysts forecast that Lam Research Corporation will post $12.65 EPS for the current year.
A number of brokerages recently weighed in on LRCX. B. Riley restated a “buy” rating and set a $175.00 target price on shares of Lam Research Corporation in a report on Monday, April 24th. UBS AG restated a “buy” rating and set a $158.00 target price (up from $144.00) on shares of Lam Research Corporation in a 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 stock a “buy” rating in a report on Wednesday, April 19th. Cowen and Company restated an “outperform” rating and set a $185.00 target price (up from $150.00) on shares of Lam Research Corporation in a report on Thursday. Finally, Berenberg Bank restated a “buy” rating on shares of Lam Research Corporation in a report on Sunday. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $173.88.
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In other Lam Research Corporation news, SVP Sarah A. O’dowd sold 10,000 shares of Lam Research Corporation stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $150.92, for a total transaction of $1,509,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen G. Newberry sold 1,500 shares of Lam Research Corporation stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $162.75, for a total value of $244,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,656 shares of company stock valued at $7,925,366 in the last ninety days. Insiders own 0.46% 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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