Lam Research (NASDAQ:LRCX) Trading Up 4.9% – Here’s What Happened

Shares of Lam Research Corporation (NASDAQ:LRCX) traded up 4.9% during trading on Tuesday . The stock traded as high as $354.66 and last traded at $346.10. 10,240,658 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 11,337,959 shares. The stock had previously closed at $329.92.

Lam Research News Roundup

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

• Positive Sentiment: Analysts and industry commentary continue to highlight Lam Research as a key beneficiary of the AI memory boom, with demand for HBM, advanced DRAM, and leading-edge chips seen as a tailwind for reaching its record Q4 sales target of $6.6 billion. Article Title
• Positive Sentiment: One market view argues memory chips remain the “golden child” of the AI revolution, which could help offset near-term volatility for semiconductor equipment names like Lam Research. Article Title
• Neutral Sentiment: Lam Research director Abhijit Y. Talwalkar sold 18,282 shares in a pre-arranged Rule 10b5-1 transaction, a disclosure that can create some investor caution but does not necessarily signal a change in fundamentals. Article Title
• Negative Sentiment: Shares came under pressure as AI memory enthusiasm cooled and investors reassessed capital spending, slower memory demand, and export-control risks affecting Lam Research and other chip-equipment stocks. Article Title
• Negative Sentiment: Lam Research also underperformed the broader market in the latest session, reinforcing the view that the stock is facing sector-wide selling pressure rather than company-specific momentum. Article Title

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LRCX. New Street Research increased their price target on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Stifel Nicolaus boosted their price objective on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday. HSBC raised their price target on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Evercore lifted their target price on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $350.81.

Lam Research Price Performance

The business has a fifty day moving average of $336.33 and a two-hundred day moving average of $265.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market capitalization of $432.82 billion, a price-to-earnings ratio of 65.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80.

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

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Insider Transactions at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Lam Research stock in a transaction dated 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 completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 104,621 shares of company stock worth $33,804,737 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LRCX. PMV Capital Advisers LLC bought a new position in Lam Research in the fourth quarter valued at about $25,000. Stance Capital LLC acquired a new position in shares of Lam Research in the third quarter valued at approximately $26,000. Bayban bought a new position in Lam Research in the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research during the first quarter worth $26,000. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. 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.