Culture

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 https://www.equitiesfocus.com/2017/09/21/van-eck-associates-corp-sells-93760-shares-of-lam-research-corporation-lrcx.html. 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).



Like this

loading...
loading...

Latest


22 September 2017
Mets expect Terry Collins to retire at the end of the season
The Mets expect manager Terry Collins to retire at the end of the season, sources tell Kristie Ackert of the New York Daily News . Injuries, poor defense, subpar play, and an overworked bullpen are the reasons for the disappointing season.

22 September 2017
Arsenal's Welbeck out for three weeks with groin injury
The game is likely to be a chance for fringe players to make their mark - including returning midfielder Jack Wilshere. We've got a couple of home games now and hopefully we can win them and put ourselves in a good position again".

22 September 2017
USA stocks close higher ahead as Fed meeting starts
A separate report released by the Labor Department showed increases in US import and export prices in the month of August. Semiconductor and natural gas stocks are also seeing modest weakness, while some strength has emerged among gold stocks.

22 September 2017
AutoZone Stock Fell after Its Fiscal 4Q17 Earnings Release
Salem Investment Counselors Inc. grew its position in AutoZone by 3.5% during the second quarter. (NYSE:AZO) for 208,904 shares. First Manhattan Communication owns 65,446 shares or 0.31% of their USA portfolio. 167,950 are owned by Bessemer Group.

22 September 2017
Insurer Saga reports 5.5 percent rise in profits
Batchelor also revealed the launch of Saga Possibilities, a new membership programme available to all Saga customers. Saga reported strong travel profit growth of 63% to £11.9m, compared to £7.3m in the first half of past year .

22 September 2017
Saif Ali Khan celebrates wife Kareena Kapoor Khan's birthday with grand bash
Though the attire was a graceful number, we liked how the black blazer hung on the chair, she sat on, looked just so ideal to be worn with the saree.

22 September 2017
Micromax Selfie 3 with 16 MP front camera launched at Rs 11999
Apart from that the camera app bundles in the usual set of features like Portrait Mode, HDR Mode, Night Mode and Beautify mode. Being a selfie-centric smartphone, it packs a 16MP front-facing selfie camera which is a Samsung sensor with front LED flash.

22 September 2017
FC Sion president unrepentant after physically attacking TV commentator
In the broadcast from Lugano, I said nothing especially about him. "When you are attacked, you have to defend yourself". Earlier in the week, Fringer had criticised Constantin's leadership of the club, describing it as "ridiculous".

22 September 2017
Muharram moon sighted in Pakistan; Ashura on 1st October
The government and different religious organisations planned various programmes to observe the day in a befitting manner.

22 September 2017
Shooting of 17ft croc 'makes river more unsafe for humans'
Between 2005 and 2014, 14 people were killed by crocodiles , compared with just 10 deaths in the 33 years prior. These laws were brought in across Australia after decades of hunting had pushed them to the brink of extinction.