Lam Research (NASDAQ:LRCX) Trading Up 1.8% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX)’s stock price was up 1.8% during mid-day trading on Thursday . The stock traded as high as $321.41 and last traded at $318.58. Approximately 6,311,151 shares were traded during mid-day trading, a decline of 43% from the average session volume of 11,062,527 shares. The stock had previously closed at $312.88.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Oppenheimer restated an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Sanford C. Bernstein lifted their price objective on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Stifel Nicolaus boosted their price objective on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $357.31.

Lam Research Trading Up 1.8%

The stock has a market capitalization of $398.65 billion, a P/E ratio of 55.31, a PEG ratio of 1.25 and a beta of 1.84. The stock’s fifty day moving average price is $333.58 and its 200 day moving average price is $288.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the firm earned $1.33 EPS. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts forecast that Lam Research Corporation will post 9.32 earnings per share for the current year.

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 in the last ninety days. 0.31% of the stock is owned by company insiders.

Institutional Trading of Lam Research

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in Lam Research by 42,619.5% in the second quarter. California State Teachers Retirement System now owns 821,470,614 shares of the semiconductor company’s stock worth $355,967,861,000 after purchasing an additional 819,547,672 shares in the last quarter. State Street Corp lifted its position in Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after acquiring an additional 126,613 shares in the last quarter. Invesco Ltd. boosted its stake in Lam Research by 7.7% in the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares in the last quarter. Finally, Norges Bank purchased a new position in Lam Research in the fourth quarter worth $3,645,427,000. Institutional investors own 84.61% of the company’s stock.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.