Lam Research (NASDAQ:LRCX) Trading 3.8% Higher – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX)’s stock price shot up 3.8% on Wednesday . The stock traded as high as $240.34 and last traded at $235.12. 9,346,947 shares were traded during trading, a decline of 31% from the average session volume of 13,643,743 shares. The stock had previously closed at $226.61.

Wall Street Analyst Weigh In

LRCX has been the subject of several analyst reports. Dbs Bank raised their target price on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. Morgan Stanley boosted their price objective on shares of Lam Research from $211.00 to $244.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. BNP Paribas Exane upped their target price on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. lifted their price target on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Evercore set a $275.00 price objective on Lam Research in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.88.

Lam Research Price Performance

The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $293.61 billion, a P/E ratio of 48.18, a P/E/G ratio of 2.46 and a beta of 1.78. The company has a 50 day moving average of $197.23 and a 200-day moving average of $152.89.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion for 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%. Lam Research’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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

Insider Buying and Selling at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in LRCX. Lingohr Asset Management GmbH grew its holdings in Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after buying an additional 50,933 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in Lam Research by 52.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after acquiring an additional 89,856 shares during the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after acquiring an additional 10,408 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Lam Research by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after purchasing an additional 34,147 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of Lam Research by 119.6% during the third quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock valued at $224,502,000 after purchasing an additional 913,009 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

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.