Analyzing the Financial Health of Lam Research Corporation (NASDAQ:LRCX)


$430,320 worth of Lam Research Corporation (NASDAQ:LRCX) was sold by LORD PATRICK J. They now have a buy rating on the semiconductor company's stock.

On August 3 the stock rating was downgraded from "Buy" to "Neutral" in a statement from Citigroup.

09/12/2017 - Argus began new coverage on Lam Research Corporation giving the company a "buy" rating. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by RBC Capital Markets on Thursday, July 27. The company now has an average rating of "Buy" and a consensus target price of $201.04. The stock of Lam Research Corporation (NASDAQ:LRCX) has "Neutral" rating given on Tuesday, October 25 by Goldman Sachs. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. The 50 day moving average went up by +10.3596% whereas the 200 day average was up by +24.5795%.

Lam Research Corporation (LRCX) opened at 200.49 on Thursday. The company saw 7.6 million shares trade hands over the course of the day.

08/29/2017 - Lam Research Corporation had its "outperform" rating reiterated by analysts at Credit Suisse.

Shares of the company are trading at $196.31 which is well above $177.88, the 50 day moving average and a great deal higher than the 200 day moving average of $157.58. The company has a market cap of $32.48 billion, a P/E ratio of 21.64 and a beta of 1.53.

Lam Research Corporation (NASDAQ:LRCX) last announced its earnings results on Tuesday, October 17th.

Analysts expect Freehold Royalties Ltd (TSE:FRU) to report $0.03 EPS on November, 14.They anticipate $0.05 EPS change or 250.00% from last quarter's $-0.02 EPS. It fall, as 43 investors sold Lam Research Corporation shares while 255 reduced holdings. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.46 billion. Next quarter's EPS is forecasted at $3.64 with next year's EPS projected to be $14.91. Lam Research Corporation's revenue for the quarter was up 51.8% on a year-over-year basis. On average, analysts predict that Lam Research Corporation will post $12.92 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece on another website, it was stolen and reposted in violation of US & worldwide copyright and trademark law. Mitsubishi Ufj Tru And Bk has invested 0.1% in Lam Research Corporation (NASDAQ:LRCX). Art Advsrs Llc owns 0.05% invested in Lam Research Corporation (NASDAQ:LRCX) for 7,100 shares. Rocky Mountain Advisers Ltd Liability Corp holds 0.74% or 1,078 shares. The ex-dividend date was Tuesday the 12th of September 2017. This dividend represents a yield of $1.02 which is the dividend as a percentage of the current share price. Ao Asset Management Limited Liability Com holds 62,500 shares or 2.19% of its portfolio. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20,047 shares valued at $3.01 million were sold by NEWBERRY STEPHEN G on Thursday, May 18. They now have a Dollars 170 price target on the stock.

In other Lam Research Corporation news, COO Timothy Archer sold 8,691 shares of the company's stock in a transaction on Tuesday, September 12th.

A number of hedge funds have recently modified their holdings of LRCX. At the moment, the average analyst rating for LRCX is Moderate Buy. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. 110 funds opened positions while 182 raised stakes. Thrivent Financial For Lutherans now owns 176,975 shares of the semiconductor company's stock worth $22,691,000 after purchasing an additional 460 shares in the last quarter. Lam Research Corporation now has $32.49B valuation. Nordea Invest Management reported 949,235 shares.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits.



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