Lam Research (LRCX) Insider Timothy Archer Sells 5,000 Shares

Lam Research (NASDAQ:LRCX) insider Timothy Archer sold 5,000 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $210.00, for a total transaction of $1,050,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Timothy Archer also recently made the following trade(s):

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  • On Wednesday, March 21st, Timothy Archer sold 16,574 shares of Lam Research stock. The shares were sold at an average price of $221.41, for a total transaction of $3,669,649.34.
  • On Friday, March 9th, Timothy Archer sold 6,465 shares of Lam Research stock. The shares were sold at an average price of $214.28, for a total transaction of $1,385,320.20.

Shares of Lam Research stock opened at $198.75 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. Lam Research has a 1 year low of $136.41 and a 1 year high of $234.88. The stock has a market cap of $34,599.70, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Tuesday, April 17th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.38 by $0.41. Lam Research had a net margin of 18.32% and a return on equity of 41.12%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the business earned $3.10 EPS. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. equities research analysts forecast that Lam Research will post 16.76 earnings per share for the current fiscal year.

Lam Research declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, March 6th. Lam Research’s payout ratio is 20.04%.

A number of institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its holdings in Lam Research by 17.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,141 shares of the semiconductor company’s stock worth $3,891,000 after acquiring an additional 3,213 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Lam Research by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 55,470 shares of the semiconductor company’s stock worth $10,212,000 after acquiring an additional 7,091 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Lam Research by 2.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 148,170 shares of the semiconductor company’s stock worth $27,274,000 after acquiring an additional 3,943 shares in the last quarter. Delek Group Ltd. bought a new position in Lam Research during the 4th quarter worth about $957,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Lam Research by 61.9% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,111 shares of the semiconductor company’s stock valued at $1,493,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Argus reissued a “buy” rating and issued a $203.77 target price (down previously from $235.00) on shares of Lam Research in a research note on Thursday. B. Riley increased their target price on shares of Lam Research from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub raised shares of Lam Research from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. KeyCorp reissued an “overweight” rating and issued a $283.00 target price (up previously from $276.00) on shares of Lam Research in a research note on Wednesday. Finally, Deutsche Bank raised their price target on shares of Lam Research to $260.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. Lam Research presently has a consensus rating of “Buy” and an average price target of $249.69.

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Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer-based patterning and liner applications in various advanced memory and logic structures.

Insider Buying and Selling by Quarter for Lam Research (NASDAQ:LRCX)

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