Lam Research (NASDAQ:LRCX) Shares Up 1.5% – Still a Buy?

Lam Research Corporation (NASDAQ:LRCX) was up 1.5% during mid-day trading on Wednesday . The stock traded as high as $169.69 and last traded at $168.26. Approximately 9,244,893 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 11,760,484 shares. The stock had previously closed at $165.81.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $170.00 price target on shares of Lam Research in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barclays set a $142.00 target price on Lam Research and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $152.87.

Lam Research Price Performance

The stock has a fifty day simple moving average of $151.29 and a two-hundred day simple moving average of $118.75. The company has a market cap of $211.34 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.77. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the business posted $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. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,608 shares of company stock valued at $14,916,496 in the last three months. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LRCX. Saranac Partners Ltd bought a new stake in Lam Research in the third quarter worth approximately $295,000. Swiss Life Asset Management Ltd boosted its holdings in Lam Research by 1.6% during the third quarter. Swiss Life Asset Management Ltd now owns 540,813 shares of the semiconductor company’s stock valued at $72,415,000 after acquiring an additional 8,483 shares during the period. Groupama Asset Managment lifted its holdings in shares of Lam Research by 22.9% during the third quarter. Groupama Asset Managment now owns 118,579 shares of the semiconductor company’s stock worth $15,878,000 after buying an additional 22,095 shares during the last quarter. Syverson Strege & Co bought a new stake in Lam Research in the 3rd quarter valued at $208,000. Finally, Investment Research Partners LLC bought a new stake in shares of Lam Research during the third quarter valued at approximately $1,045,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.