George M. Schisler Sells 400 Shares of Lam Research Co. (NASDAQ:LRCX) Stock

Lam Research Co. (NASDAQ:LRCX) insider George M. Schisler sold 400 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $908.21, for a total value of $363,284.00. Following the sale, the insider now directly owns 5,661 shares in the company, valued at approximately $5,141,376.81. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Lam Research Trading Down 1.0 %

Shares of LRCX stock opened at $914.91 on Wednesday. The business has a 50-day moving average of $940.71 and a 200 day moving average of $824.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.84. Lam Research Co. has a 1-year low of $512.09 and a 1-year high of $1,007.39. The stock has a market capitalization of $119.62 billion, a PE ratio of 33.65, a P/E/G ratio of 2.82 and a beta of 1.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating 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 firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm posted $6.99 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lam Research Co. will post 29.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho increased their price objective on Lam Research from $935.00 to $960.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Evercore ISI began coverage on Lam Research in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,200.00 price target on the stock. Raymond James raised their price target on Lam Research from $850.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. UBS Group raised their price target on Lam Research from $1,130.00 to $1,150.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Citigroup raised their price target on Lam Research from $975.00 to $1,025.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $950.85.

Hedge Funds Weigh In On Lam Research

A number of hedge funds have recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in Lam Research during the 3rd quarter valued at about $25,000. BluePath Capital Management LLC bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $28,000. DSM Capital Partners LLC purchased a new position in shares of Lam Research during the fourth quarter valued at approximately $28,000. OFI Invest Asset Management bought a new position in shares of Lam Research during the third quarter valued at approximately $30,000. Finally, Asset Dedication LLC lifted its stake in Lam Research by 56.7% in the third quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors 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.