Lam Research (NASDAQ:LRCX) Trading Up 5.9% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX)’s share price was up 5.9% during mid-day trading on Monday . The company traded as high as $211.50 and last traded at $211.15. Approximately 13,097,195 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 12,271,502 shares. The stock had previously closed at $199.33.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research reports. Wells Fargo & Company increased their price objective on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $320.00 target price (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. The Goldman Sachs Group set a $262.00 price target on Lam Research and gave the stock a “buy” rating in a report on Thursday, January 29th. Morgan Stanley upped their price objective on Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Finally, Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.19.

Lam Research Stock Up 5.9%

The firm’s fifty day moving average is $220.95 and its two-hundred day moving average is $169.72. The firm has a market cap of $263.73 billion, a price-to-earnings ratio of 43.28, a P/E/G ratio of 2.14 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

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

Lam Research Announces Dividend

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

Insider Buying and Selling

In other 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 transaction of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,886 shares of company stock worth $29,658,802 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Lam Research

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Lam Research in the fourth quarter worth approximately $3,645,427,000. Price T Rowe Associates Inc. MD boosted its stake in Lam Research by 352.2% in the 4th 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 period. Arrowstreet Capital Limited Partnership grew its position in Lam Research by 781.3% during 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. raised its stake in Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Lam Research by 57.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds 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.