Lam Research (NASDAQ:LRCX) Reaches New 1-Year High – Here’s Why

Lam Research Corporation (NASDAQ:LRCX) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $211.24 and last traded at $212.1940, with a volume of 2249403 shares trading hands. The stock had previously closed at $200.96.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LRCX. Morgan Stanley increased their price target on Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd. Evercore ISI increased their price objective on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Dbs Bank increased their price target on shares of Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. HSBC set a $127.00 price objective on Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.37.

Lam Research Stock Up 6.0%

The firm has a market cap of $267.48 billion, a price-to-earnings ratio of 46.96, a P/E/G ratio of 2.34 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The stock has a 50-day moving average of $164.77 and a 200-day moving average of $131.92.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Sell-side analysts predict 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 was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Lam Research’s payout ratio is presently 22.91%.

Insider Activity

In related news, Director Bethany Mayer sold 1,298 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares in the company, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 102,608 shares of company stock worth $14,916,496. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Large investors have recently bought and sold shares of the business. Diversified Trust Co. raised its stake in Lam Research by 9.4% during the fourth quarter. Diversified Trust Co. now owns 34,912 shares of the semiconductor company’s stock worth $5,976,000 after acquiring an additional 2,990 shares in the last quarter. Affinity Capital Advisors LLC boosted its stake in shares of Lam Research by 23.1% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,656 shares of the semiconductor company’s stock valued at $455,000 after purchasing an additional 498 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Lam Research by 17.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 28,475 shares of the semiconductor company’s stock valued at $4,874,000 after purchasing an additional 4,173 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Lam Research by 8.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 16,638 shares of the semiconductor company’s stock worth $2,848,000 after purchasing an additional 1,252 shares in the last quarter. Finally, PMV Capital Advisers LLC bought a new position in Lam Research in the 4th quarter valued at approximately $25,000. 84.61% of the stock is owned by institutional investors and hedge funds.

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.