Lam Research Corporation (NASDAQ:LRCX – Get Free Report) fell 3.5% during mid-day trading on Thursday . The stock traded as low as $283.14 and last traded at $286.7150. 8,828,031 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 11,183,272 shares. The stock had previously closed at $297.17.
Lam Research News Roundup
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: B. Riley raised its price target on Lam Research to $350 from $330 and kept a Buy rating, citing strong earnings and solid execution. Why Analysts Are Growing More Confident In Lam Research (LRCX)
- Positive Sentiment: Erste Group Bank lifted FY2027 EPS estimates for Lam Research to $7.88 from $7.74, suggesting analysts see better long-term earnings power. Lam Research stock page
- Positive Sentiment: Recent coverage highlights Lam Research as an AI-fab beneficiary with orders beating expectations, supporting the case for further upside after a sharp rally. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
- Neutral Sentiment: Some commentary notes the stock has already surged dramatically over the past year, which may raise overbought concerns even as Wall Street remains constructive. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
- Neutral Sentiment: Investor articles argue the rally may still have room to run, but that view is speculative rather than a direct fundamental update. Why Lam Research Still Looks Like a Buy After a 300% Rally
Analysts Set New Price Targets
Several brokerages have issued reports on LRCX. Morgan Stanley upped their price target on shares of Lam Research from $260.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Stifel Nicolaus upped their price target on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Bank of America upped their price target on shares of Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BNP Paribas Exane upped their price target on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, HSBC upped their price target on shares of Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a report on Friday, April 24th. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $285.94.
Lam Research Stock Up 2.6%
The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $367.73 billion, a PE ratio of 55.48, a P/E/G ratio of 2.37 and a beta of 1.81. The firm’s 50 day moving average is $238.93 and its 200-day moving average is $204.97.
Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter 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 expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.
Insider Activity at Lam Research
In related news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 120,066 shares of company stock valued at $27,953,242. Company insiders own 0.31% of the company’s stock.
Hedge Funds Weigh In On Lam Research
A number of large investors have recently bought and sold shares of LRCX. Brighton Jones LLC raised its stake in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP purchased a new position in Lam Research during the first quarter worth approximately $239,000. Gabelli Funds LLC purchased a new position in Lam Research during the second quarter worth approximately $253,000. NewEdge Advisors LLC raised its stake in Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. raised its stake in Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 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.
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