Lam Research Corporation(LRCX) is having a Dividend Yield of 1.55% with the Annual cash Dividend per share of $1.2. The last quarter cash dividend per share pay out was $0.45. Lam Research Corporation has a 5 year average dividend yield of 0.66% and the stock has a Indicated annual dividend of $1.8. Lam Research Corporation(LRCX) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.45. The new indicated annual dividend based on announced dividend per share is $1.8. The dividend yield based on the forward looking indicated annual dividend is 1.55%. Lam Research Corporation(LRCX) has the most recent dividend payout ratio of 0.26 with a 5-year average payout ratio of 0.1. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.15. The 5 year historical dividend growth of Lam Research Corporation(LRCX) is at the rate of 39.62% while the R-Squared dividend growth is 0.79. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Lam Research Corporation (NASDAQ:LRCX) witnessed a decline in the market cap on Thursday as its shares dropped 1.42% or 1.655 points. After the session commenced at $116.8, the stock reached the higher end at $116.83 while it hit a low of $113.1982. With the volume soaring to 3,108,717 shares, the last trade was called at $114.57. The company has a 52-week high of $119.14. The company has a market cap of $18,657 million and there are 162,843,880 shares in outstanding. The 52-week low of the share price is $66.66. Lam Research Corporation has dropped 1.23% in the last five trading days, however, the shares have posted positive gains of 2.99% in the last 4 weeks. Lam Research Corporation is up 13.79% in the last 3-month period. Year-to-Date the stock performance stands at 8.36%.
Currently the company Insiders own 0.46% of Lam Research Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.52% . During last six month period, the net percent change held by insiders has seen a change of -16.66%. Company has reported several Insider transactions to the SEC, on Feb 16, 2017, Timothy Archer (Chief Operating Officer) sold 20,000 shares at 115.64 per share price.On Feb 14, 2017, Patrick J Lord (Group Vice President) sold 1,383 shares at 117.02 per share price.On Feb 14, 2017, Douglas R Bettinger (EVP, Chief Financial Officer) sold 2,556 shares at 117.02 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Jan 26, 2017 to Buy, Raises Price Target to $ 145 from a previous price target of $135 .Company shares were Reiterated by Cowen on Jan 26, 2017 to Outperform, Raises Price Target to $ 125 from a previous price target of $105 .Company shares were Reiterated by RBC Capital Mkts on Jan 13, 2017 to Outperform, Raises Price Target to $ 120 from a previous price target of $110 .Lam Research Corporation was Upgraded by Goldman to Buy on Dec 19, 2016. Company shares were Reiterated by Stifel on Nov 21, 2016 to Buy, Raises Price Target to $ 116 from a previous price target of $110 .
Lam Research Corporation Last issued its quarterly earnings results on Jan 25, 2017. The company reported $2.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $2.19. The company had revenue of $1882.00 million for the quarter, compared to analysts expectations of $1843.06 million. The companys revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.
Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Companys products are used selectively to etch away portions of various films to create an integrated circuit.