Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. It has outperformed by 91.16% the S&P500.
In case of Revenue Estimates, 14 analysts have provided their consensus Average Revenue Estimates for Lam Research Corporation as 2.57 Billion. Therefore 100% are positive. Steris had 8 analyst reports since November 2, 2015 according to SRatingsIntel. The company was upgraded on Thursday, March 16 by Pacific Crest. The firm has "Outperform" rating by Raymond James given on Wednesday, August 9.
In a report revealed to investors and clients on 7 December, Instinet announced that they have made a decision to upgrade shares of Lam Research (NASDAQ:LRCX) stock from a Neutral to a Buy.
Lam Research Corporation enables its customers to shape the future of technology by providing market-leading equipment and services for semiconductor wafer processing. The company has market cap of $7.57 billion. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean. The firm has a market cap of $29,236.15, a PE ratio of 15.55, a P/E/G ratio of 0.82 and a beta of 1.57. It also provides OR integration, OR and sterile processing department, workflow, patient tracking, and instrument management solutions; and cleaning chemistries and sterility assurance products. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.43, from 0.57 in 2017Q1. About 2,127 shares traded. Company insiders own 0.46% of the company's stock. Gmt reported 365,700 shares or 1.16% of all its holdings. Bryn Mawr Trust has 0.16% invested in Avnet, Inc. Us State Bank De reported 44,389 shares or 0.02% of all its holdings. Investors mark this stock "active" as it exchanged hands with 975,890 shares contrast to its average daily volume of 1.33M shares. San Francisco Sentry Inv (Ca) holds 0.12% or 2,326 shares. Citadel Advsrs Limited Liability Corp reported 791,414 shares. Gotham Asset Management Ltd Liability Company invested in 0.2% or 172,228 shares. The firm owned 10,411 shares of the semiconductor company's stock after purchasing an additional 905 shares during the quarter. The stock decreased 1.55% or $1.65 during the last trading session, reaching $104.57. About 333,027 shares traded. Apache Corporation (NYSE:APA) has declined 10.21% since December 2, 2016 and is downtrending.
Lam Research Corporation (LRCX) stock directed 78.78% toward a higher level throughout previous year and swapped -10.86% toward a weak spot during past one month. Therefore 86% are positive.
Lam Research Corporation (LRCX) shares are down -5.35% for the week and that has got investors and traders sitting up and taking note. Needham maintained the stock with "Buy" rating in Thursday, October 20 report. On Monday, June 5 the stock rating was maintained by RBC Capital Markets with "Buy". The company was maintained on Thursday, July 27 by Cowen & Co. The firm earned "Buy" rating on Thursday, April 21 by B. Riley & Co. Argus Research initiated it with "Buy" rating and $196.0 target in Tuesday, September 12 report.
Lam Research Corporation (NASDAQ:LRCX) is another stock that is grabbing investors attention these days.
Analysts are speculating a 49.39% move, based on the high target price ($270) for the shares that is set to reach in the next 12 months. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The rating was maintained by Bank of America on Wednesday, October 18 with "Buy".
Investors sentiment increased to 1.18 in 2017 Q2. Private Advisor Group LLC's holdings in Lam Research were worth $1,923,000 at the end of the most recent quarter. 110 funds opened positions while 182 raised stakes. 342.91 million shares or 0.58% more from 340.94 million shares in 2017Q1 were reported.
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Restaurant Brands International Inc.by far traveled 30.01% versus a 1-year low price of $46.88. JANUS CAPITAL MANAGEMENT LLC also announced increased position in Lam Research Corporation (LRCX) during the quarter. It also reduced its holding in Hilton Worldwide Holdings In (Put) by 18,248 shares in the quarter, leaving it with 21,200 shares, and cut its stake in Fifth Third Bancorp (NASDAQ:FITB). 912,520 were accumulated by Pinnacle Assocs Ltd. Airain Ltd holds 0.49% in Lam Research Corporation (NASDAQ:LRCX) or 78,021 shares. Hanson Mcclain Inc, California-based fund reported 40 shares. STATE STREET CORP owned 20.98% of Altria Group, Inc. Washington Trust Bancorporation holds 517 shares. Systematic Financial Limited Partnership has invested 0.34% in Lam Research Corporation (NASDAQ:LRCX). 1832 Asset Management Ltd Partnership reported 133,000 shares.
What Does Wall Street Say about Company? .
The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward.
Lam Research declared that its board has authorized a stock repurchase plan on Tuesday, November 14th that permits the company to repurchase $2.00 billion in outstanding shares.
In other Lam Research news, COO Timothy Archer sold 8,691 shares of the firm's stock in a transaction dated Tuesday, September 12th. The insider LORD PATRICK J sold 2,770 shares worth $430,320.