Somewhat Positive Media Coverage Somewhat Unlikely to Affect Lam Research (NASDAQ:LRCX) Share Price
Press coverage about Lam Research (NASDAQ:LRCX) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lam Research earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.4480796886356 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- 5 Tech Stocks Hitting New All-Time Highs Today (finance.yahoo.com)
- Insider Selling: Lam Research Co. (LRCX) Insider Sells 6,465 Shares of Stock (americanbankingnews.com)
- Micron Surges 5% as Instinet Hikes Target to $100: Cusp of Another Breakout (finance.yahoo.com)
- Apple Supplier, Lam Research Lead 5 Chip Stocks In Buy Zones As Sector Lifts Nasdaq, S&P 500 – Investor’s Business Daily (investors.com)
- Lam Research Co. (LRCX) Expected to Announce Earnings of $4.36 Per Share (americanbankingnews.com)
Lam Research (NASDAQ LRCX) opened at $223.60 on Wednesday. The company has a market capitalization of $37,259.09, a PE ratio of 24.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.43. Lam Research has a one year low of $122.25 and a one year high of $234.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.09 and a current ratio of 2.47.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, March 6th. Lam Research’s dividend payout ratio (DPR) is 22.05%.
Lam Research declared that its board has approved a stock buyback program on Tuesday, November 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
A number of analysts have weighed in on LRCX shares. BidaskClub raised Lam Research from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Stifel Nicolaus raised their price target on Lam Research from $235.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 25th. ValuEngine raised Lam Research from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price objective on Lam Research from $229.00 to $238.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Lam Research from $230.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Twenty-five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $239.28.
In related news, insider Timothy Archer sold 6,465 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $214.28, for a total value of $1,385,320.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Seshasayee Varadarajan sold 25,453 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $215.00, for a total value of $5,472,395.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,619 shares of company stock worth $10,790,107. Insiders own 0.41% of the company’s stock.
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About Lam Research
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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