Lam Research (NASDAQ:LRCX) Stock Price Up 3.2% – Here’s What Happened

Shares of Lam Research Corporation (NASDAQ:LRCX) shot up 3.2% on Tuesday . The company traded as high as $226.71 and last traded at $226.47. 9,932,719 shares were traded during trading, a decline of 17% from the average session volume of 12,004,656 shares. The stock had previously closed at $219.40.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. Needham & Company LLC boosted their price objective on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Evercore set a $275.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Stifel Nicolaus boosted their price target on shares of Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Citigroup upped their price objective on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Price Performance

The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $282.81 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77. The business’s 50-day moving average price is $225.24 and its 200 day moving average price is $174.48.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio is currently 21.31%.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Brandt sold 35,000 shares of the company’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 transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Lam Research

Several institutional investors and hedge funds have recently made changes to their positions in LRCX. Norges Bank bought a new position in Lam Research in the fourth quarter valued at $3,645,427,000. Price T Rowe Associates Inc. MD lifted its stake in Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after purchasing an additional 10,666,540 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after purchasing an additional 10,053,978 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Lam Research by 57.0% during the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after purchasing an additional 3,671,073 shares during the last quarter. Hedge funds and other 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.