Lam Research (NASDAQ:LRCX) Stock Price Up 6.7% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) traded up 6.7% on Tuesday . The company traded as high as $280.00 and last traded at $275.80. 11,791,472 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 11,137,150 shares. The stock had previously closed at $258.57.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: March-quarter beat and bullish June-quarter guide — Lam reported $5.84B revenue and $1.47 non?GAAP EPS, beat estimates, and guided the June quarter well above prior levels (management highlighted accelerating wafer?fab and AI-related demand). This upbeat outlook is the primary driver of the rally today. Lam Research jumps 7% as earnings beat and June-quarter outlook signals accelerating wafer-fab demand
• Positive Sentiment: Analysts are raising targets and maintaining buys — multiple shops lifted price targets (median near $300) and reiterated Outperform/Buy ratings after the quarter, supporting momentum and setting higher expectations for upside. Lam Research: $140B WFE, $725B In Hyperscaler Capex, And Still Raising — BUY
• Positive Sentiment: WFE and hyperscaler capex thesis strengthened — research notes cite a raised industry WFE outlook (~$140B) and continued hyperscaler spending, which supports multi?quarter demand for Lam’s etch/deposition tools and services. Lam Research: 30% Growth And Expanding Margins Make It A Solid Buy
• Positive Sentiment: Technical breakout / institutional interest — IBD named LRCX Stock of the Day and the shares cleared a buy point after the earnings move, attracting momentum traders and amplifying buying. Lam Research, IBD Stock Of The Day, Clears Buy Point On Chip-Gear Investments
• Neutral Sentiment: Insider sale disclosed — SVP Neil Fernandes sold ~18,170 shares under a pre?arranged 10b5?1 plan; such plan sales can be routine and are already disclosed, so they haven’t materially dampened the move. Insider Selling: Lam Research (NASDAQ:LRCX) SVP Sells 18,170 Shares of Stock
• Negative Sentiment: Valuation caution and “froth” commentary — some pieces flag LRCX as approaching rich/frothy levels after the rapid run; that raises risk of short?term profit?taking if macro or demand signals soften. Lam Research Is Approaching Frothy Levels

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Rothschild & Co Redburn boosted their price target on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Wells Fargo & Company boosted their price target on Lam Research from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Evercore boosted their price target on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Jefferies Financial Group boosted their price target on Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Citigroup reissued a “buy” rating and issued a $315.00 price target (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Twenty-six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.94.

Lam Research Price Performance

The stock has a market capitalization of $344.91 billion, a price-to-earnings ratio of 52.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.81. The company has a 50 day moving average of $236.37 and a 200 day moving average of $201.94. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s payout ratio is 19.62%.

Insider Transactions at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 155,066 shares of company stock valued at $35,849,242. 0.31% of the stock is owned by company insiders.

Institutional Trading of Lam Research

A number of institutional investors have recently modified their holdings of LRCX. Norges Bank purchased a new stake in shares of Lam Research during the 4th quarter worth about $3,645,427,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Lam Research by 352.2% during 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 holdings in shares of 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 during the period. Franklin Resources Inc. boosted its position 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 worth $1,730,724,000 after buying an additional 3,671,073 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of Lam Research by 235.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after buying an additional 3,649,553 shares during the period. 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.