Lam Research (NASDAQ:LRCX) Stock Price Up 1.4% Following Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s share price rose 1.4% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $280.00 to $300.00. Stifel Nicolaus currently has a buy rating on the stock. Lam Research traded as high as $267.54 and last traded at $267.2730. Approximately 8,712,114 shares changed hands during trading, a decline of 25% from the average daily volume of 11,578,390 shares. The stock had previously closed at $263.66.

Other equities analysts have also recently issued research reports about the stock. HSBC increased their price target on shares of Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Wells Fargo & Company increased their price target on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. New Street Research increased their price target on shares of Lam Research from $140.00 to $235.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 31st. B. Riley Financial reaffirmed a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Finally, Citigroup increased their price target on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $246.94.

Insider Buying and Selling

In related news, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at $11,846,625.30. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Hedge funds and other institutional investors have recently bought and sold shares of the business. J. Derek Lewis & Associates Inc. bought a new position in shares of Lam Research in the fourth quarter valued at $230,000. World Investment Advisors increased its holdings in shares of Lam Research by 33.7% in the fourth quarter. World Investment Advisors now owns 16,208 shares of the semiconductor company’s stock valued at $2,774,000 after buying an additional 4,086 shares in the last quarter. Meadowbrook Advisors Group LLC bought a new position in shares of Lam Research in the fourth quarter valued at $496,000. DUTCH ASSET Corp bought a new position in shares of Lam Research in the fourth quarter valued at $598,000. Finally, Larry Mathis Financial Planning LLC bought a new position in shares of Lam Research in the fourth quarter valued at $386,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

The company has a market cap of $333.76 billion, a P/E ratio of 54.77, a PEG ratio of 2.81 and a beta of 1.78. The company has a fifty day simple moving average of $227.64 and a 200-day simple moving average of $189.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research’s payout ratio is presently 21.31%.

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.