Lam Research (NASDAQ:LRCX) Stock Rating Upgraded by Susquehanna

Lam Research (NASDAQ:LRCX) was upgraded by equities research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a $125.00 price target on the semiconductor company’s stock, up from their previous price target of $75.00. Susquehanna’s price objective would indicate a potential upside of 45.32% from the company’s previous close.

A number of other research firms have also issued reports on LRCX. The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 target price on shares of Lam Research in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Lam Research in a research note on Thursday, January 30th. Barclays cut their price target on shares of Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, B. Riley dropped their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Lam Research Stock Performance

NASDAQ:LRCX opened at $86.02 on Thursday. The stock’s 50-day moving average is $78.46 and its 200-day moving average is $78.03. The stock has a market cap of $110.42 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. Lam Research has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts anticipate that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now directly owns 179,084 shares of the company’s stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in shares of Lam Research by 39.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,338 shares of the semiconductor company’s stock worth $15,781,000 after acquiring an additional 5,484 shares in the last quarter. Eastern Bank raised its holdings in Lam Research by 54.9% in the third quarter. Eastern Bank now owns 522 shares of the semiconductor company’s stock worth $426,000 after purchasing an additional 185 shares in the last quarter. Private Advisor Group LLC raised its holdings in Lam Research by 8.1% in the third quarter. Private Advisor Group LLC now owns 6,374 shares of the semiconductor company’s stock worth $5,201,000 after purchasing an additional 480 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Lam Research by 37.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 780 shares of the semiconductor company’s stock worth $637,000 after acquiring an additional 211 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Lam Research by 38.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,124 shares of the semiconductor company’s stock worth $2,549,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

About Lam Research

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.