Lam Research Corporation (LRCX) Declares $0.45 Quarterly Dividend

Old Mutual Global Investors UK Ltd. now owns 878,960 shares of the semiconductor company's stock worth $124,311,000 after acquiring an additional 830,034 shares during the period.

With these kinds of figures it is worthy to note that Lam Research Corporation (LRCX) has been put into a neutral territory, but there are few other spots to consider.

Candriam Luxembourg S.C.A. boosted its stake in shares of Lam Research Co.

WARNING: "Lam Research Corporation (LRCX) Declares $0.45 Quarterly Dividend" was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. Cantab Capital Partners Llp grew its stake by buying 343 shares an increase of 2.0% in the quarter.

The stock has actually made strong gains in the past year, as the company has gathered a 88.11% return in the past twelve months. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Lam Research Corporation in the second quarter worth approximately $134,000. Mitsubishi UFJ Securities Holdings Co. Finally, IFM Investors Pty Ltd bought a new stake in Lam Research during the fourth quarter valued at approximately $205,000. Shares of MMM have increased 0.09% in the past three monthswhile the S&P 500 has dropped -1.83% in that time. The California-based Cypress Funds Llc has invested 6.45% in the stock. Next Financial Group, Inc now holds 165 shares worth $23,000,000. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & worldwide copyright & trademark laws. Nationwide Fund Advisors owned about 0.18% of Lam Research Corporation worth $40,763,000 as of its most recent SEC filing. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $185.00 price objective (up from $145.00) on shares of Lam Research Corporation in a research note on Thursday, July 27th. Finally, Needham & Company LLC lifted their price objective on Lam Research Corporation from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, July 27th. Origin Asset Mngmt Limited Liability Partnership owns 1.84% invested in Lam Research Corporation (NASDAQ:LRCX) for 211,467 shares.

Argus Research started covering LRCX with a rating of "Buy". Lam Research Corporation had 53 analyst reports since September 17, 2015 according to SRatingsIntel. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock now has an average rating of "Buy" and a consensus price target of $177.68. The correct version of this piece of content can be accessed at RSI measures the speed and change of a stock price to warn investors when a stock's momentum has carried it too far. The stock has a market cap of $27.99 billion, a PE ratio of 18.65 and a beta of 1.47. The firm's 50-day moving average is $162.21 and its 200 day moving average is $148.80. Whalerock Point Ptnrs Limited Liability Company stated it has 0.1% of its portfolio in Lam Research Corporation (NASDAQ:LRCX).

Lam Research Corporation (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 26th. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion.

The average 1-year price target for Lam Research Corporation (LRCX) - averaging the work of different analysts - reveals a mean PT of $190.15/share.

Traders are more bearish on shares of the company of late as inferred by the uptick in short interest. During the same quarter in the prior year, the business earned $1.80 EPS. Equities analysts forecast that Lam Research Corporation will post $12.75 EPS for the current fiscal year. Stockholders of record on Wednesday, September 13th will be paid a $0.45 dividend. This dividend amount represented a yield of $1.04.

The company's share price is down -2.98% from previous highs of around $178.18 per share on September 18, 2017.

Tracking other technical indicators, the 14-day RSI is presently standing at 60.41, the 7-day sits at 57.97, and the 3-day is resting at 38.78 for Lam Research Corp (LRCX). The shares were sold at an average price of $117.02, for a total value of $161,838.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen G. Newberry sold 750 shares of the company's stock in a transaction that occurred on Monday, September 18th. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Timothy Archer, Chief Operating Officer disclosed the sale of 8,691 shares of (LRCX).

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