Brokerages Set Lam Research Corporation (NASDAQ:LRCX) PT at $358.67

Shares of Lam Research Corporation (NASDAQ:LRCX) have been given an average recommendation of “Moderate Buy” by the thirty-four ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $360.5067.

LRCX has been the subject of a number of recent research reports. Seaport Research Partners began coverage on shares of Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $450.00 price target (up from $365.00) on shares of Lam Research in a research note on Monday, June 22nd. Susquehanna reissued a “positive” rating and issued a $475.00 price target (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Jefferies Financial Group boosted their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th.

Lam Research Trading Down 0.8%

Shares of NASDAQ LRCX opened at $319.29 on Monday. Lam Research has a 1-year low of $90.93 and a 1-year high of $438.50. The company has a 50-day moving average of $340.92 and a two-hundred day moving average of $272.64. The company has a market cap of $399.29 billion, a PE ratio of 60.24, a P/E/G ratio of 1.91 and a beta of 1.80. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, equities analysts expect that Lam Research will post 5.68 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Insider Buying and Selling at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were 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 of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 104,621 shares of company stock worth $33,804,737. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the last quarter. Caxton Associates LLP acquired a new stake in Lam Research in the first quarter valued at $239,000. Gabelli Funds LLC acquired a new stake in Lam Research in the second quarter valued at $253,000. NewEdge Advisors LLC lifted its stake in Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after acquiring an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. grew its position in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 781 shares during the period. Institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Several recent pieces argue Lam Research has strong growth and earnings-beat potential, with Zacks/Yahoo highlighting expectations for earnings to rise next week and pointing to favorable fundamentals that could support an upside surprise. Article Title
• Positive Sentiment: Wall Street sentiment remains broadly bullish, with another note saying the average brokerage recommendation favors buying Lam Research, which can help reinforce investor confidence in the name. Article Title
• Positive Sentiment: Semiconductor-sector coverage has been constructive, with articles noting renewed buying in chip stocks on AI infrastructure optimism and listing Lam Research among the names benefiting from the rebound. Article Title
• Positive Sentiment: Additional commentary frames LRCX as a solid growth stock and suggests the company’s fundamentals could support exceptional returns, adding to the bullish narrative. Article Title
• Neutral Sentiment: One article compared Lam Research with Applied Materials, but it appears to be industry analysis rather than a direct company-specific catalyst for LRCX. Article Title
• Negative Sentiment: Broader market coverage says investors have been locking in profits in technology stocks ahead of key earnings from Alphabet and Tesla, which can create short-term pressure on semiconductor shares like Lam Research. Article Title

Lam Research Company Profile

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.