Lam Research (NASDAQ:LRCX) Shares Down 0.8% – Time to Sell?

Shares of Lam Research Co. (NASDAQ:LRCX) dropped 0.8% on Friday . The company traded as low as $78.32 and last traded at $78.61. 1,221,039 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 11,235,416 shares. The stock had previously closed at $79.21.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Morgan Stanley reduced their price objective on Lam Research from $81.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. B. Riley lowered their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group reduced their price target on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $97.03.

Lam Research Trading Down 1.3 %

The company has a 50 day moving average of $77.67 and a 200 day moving average of $88.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 2.53. The stock has a market capitalization of $100.62 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.22 and a beta of 1.48.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the previous year, the firm posted $6.85 EPS. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, research analysts predict that Lam Research Co. will post 3.52 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s dividend payout ratio (DPR) is presently 29.74%.

Insider Activity

In related news, CAO Christina Correia sold 647 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares in the company, valued at approximately $3,488,315.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Lam Research

A number of hedge funds and other institutional investors have recently modified their holdings of LRCX. Cypress Capital Group raised its stake in shares of Lam Research by 3.7% in the 3rd quarter. Cypress Capital Group now owns 3,660 shares of the semiconductor company’s stock valued at $2,987,000 after acquiring an additional 132 shares during the period. Landscape Capital Management L.L.C. raised its position in Lam Research by 91.1% in the third quarter. Landscape Capital Management L.L.C. now owns 2,507 shares of the semiconductor company’s stock valued at $2,046,000 after purchasing an additional 1,195 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Lam Research by 32.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 189,071 shares of the semiconductor company’s stock worth $154,297,000 after buying an additional 45,828 shares during the period. King Luther Capital Management Corp grew its stake in shares of Lam Research by 17.9% in the third quarter. King Luther Capital Management Corp now owns 15,345 shares of the semiconductor company’s stock valued at $12,523,000 after buying an additional 2,326 shares in the last quarter. Finally, Cornerstone Advisors LLC raised its holdings in shares of Lam Research by 29.6% in the 3rd quarter. Cornerstone Advisors LLC now owns 9,200 shares of the semiconductor company’s stock valued at $7,508,000 after buying an additional 2,100 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

About Lam Research

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.