Lam Research (NASDAQ:LRCX) Shares Climb 1.4% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shares shot up 1.4% during trading on Wednesday. The stock traded as high as $330.50 and last traded at $328.51. 7,609,774 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 10,828,213 shares. The stock had previously closed at $323.86.

Analyst Ratings Changes

Several brokerages have recently issued reports on LRCX. UBS Group decreased their price objective on Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, September 1st. HSBC reiterated a “hold” rating and set a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. Fundamental Research set a $390.00 target price on Lam Research in a research note on Thursday. Evercore reiterated an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research report on Monday, July 20th. Finally, Morgan Stanley decreased their price target on Lam Research from $404.00 to $367.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $364.01.

Lam Research Trading Up 3.5%

The business’s fifty day moving average is $305.26 and its 200-day moving average is $301.94. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $425.61 billion, a PE ratio of 59.05, a P/E/G ratio of 1.30 and a beta of 1.85.

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

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a yield of 0.4%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is 22.92%.

Insider Transactions at Lam Research

In other news, Director Abhijit Talwalkar sold 18,282 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,839 shares of company stock valued at $10,644,740. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several large investors have recently made changes to their positions in LRCX. Paladin Partners LLC bought a new stake in Lam Research during the second quarter worth about $26,000. Bravera Wealth bought a new stake in Lam Research in the second quarter valued at about $46,000. Cedar Mountain Advisors LLC boosted its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Lam Research in the second quarter worth about $52,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research during the first quarter worth $26,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.