Lam Research (NASDAQ:LRCX) Trading 4.1% Higher – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shares traded up 4.1% during mid-day trading on Thursday . The stock traded as high as $235.14 and last traded at $233.99. 10,049,930 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 11,978,813 shares. The stock had previously closed at $224.71.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRCX. HSBC lifted their price objective on shares of Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. Citigroup lifted their price target on shares of Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Summit Insights upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $265.00 target price on shares of Lam Research in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Trading Up 4.1%

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 firm’s 50-day moving average price is $226.06 and its 200 day moving average price is $175.71. The company has a market capitalization of $292.20 billion, a P/E ratio of 47.95, a P/E/G ratio of 2.44 and a beta of 1.77.

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

Lam Research Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.4%. Lam Research’s payout ratio is presently 21.31%.

Insider Activity at Lam Research

In other news, insider Ava Harter sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at $11,846,625.30. This represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Lam Research

A number of institutional investors have recently added to or reduced their stakes in LRCX. World Investment Advisors grew its holdings in shares of Lam Research by 33.7% in the fourth quarter. World Investment Advisors now owns 16,208 shares of the semiconductor company’s stock valued at $2,774,000 after acquiring an additional 4,086 shares in the last quarter. Meadowbrook Advisors Group LLC bought a new stake in Lam Research during the fourth quarter worth $496,000. DUTCH ASSET Corp bought a new stake in Lam Research during the fourth quarter worth $598,000. Larry Mathis Financial Planning LLC purchased a new position in Lam Research in the fourth quarter worth $386,000. Finally, Union Savings Bank bought a new position in Lam Research in the 4th quarter valued at $230,000. 84.61% of the stock is 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.