Lam Research (NASDAQ:LRCX) Price Target Raised to $160.00

Lam Research (NASDAQ:LRCX) had its target price upped by Needham & Company LLC from $150.00 to $160.00 in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also commented on the stock. Rothschild & Co Redburn raised their price target on shares of Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. HSBC set a $127.00 price objective on shares of Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. Wells Fargo & Company raised their price objective on shares of Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, October 2nd. UBS Group raised their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $151.68 on Thursday. The firm’s 50 day moving average is $123.23 and its two-hundred day moving average is $99.87. Lam Research has a 52 week low of $56.32 and a 52 week high of $153.70. The firm has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.81 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned $0.86 earnings per share. Lam Research’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Analysts anticipate that Lam Research will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s payout ratio is 22.91%.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% in the 4th 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. GAMMA Investing LLC boosted its stake in Lam Research by 21.5% in the 1st quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company’s stock worth $2,138,000 after purchasing an additional 5,213 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Lam Research by 6.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,753 shares of the semiconductor company’s stock worth $1,654,000 after purchasing an additional 1,432 shares during the period. International Assets Investment Management LLC acquired a new position in Lam Research in the 1st quarter worth approximately $784,000. Finally, Moran Wealth Management LLC acquired a new position in Lam Research in the 1st quarter worth approximately $490,000. 84.61% of the stock is currently owned by institutional investors.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.