Lam Research (NASDAQ:LRCX) Stock Price Up 2.4% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shares shot up 2.4% during trading on Tuesday . The company traded as high as $241.37 and last traded at $238.84. 7,286,952 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 12,066,093 shares. The stock had previously closed at $233.31.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LRCX shares. Rothschild & Co Redburn lifted their price objective on Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price target (up from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Needham & Company LLC upped their price target on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, B. Riley Financial restated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.

Lam Research Stock Performance

The business’s fifty day moving average is $227.18 and its two-hundred day moving average is $179.07. The stock has a market capitalization of $298.26 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.77. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Lam Research’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% 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 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 130,886 shares of company stock worth $29,658,802. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake 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 period. Caxton Associates LLP bought a new stake in shares of Lam Research in the 1st quarter worth about $239,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Lam Research by 30.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,330,034 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 540,406 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Lam Research by 1.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 5,602 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 102 shares during the period. Finally, American Century Companies Inc. grew its holdings in Lam Research by 34.6% during the 2nd quarter. American Century Companies Inc. now owns 2,203,937 shares of the semiconductor company’s stock valued at $214,531,000 after purchasing an additional 566,479 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.