Lam Research (NASDAQ:LRCX) Trading 1.1% Higher – Should You Buy?

Lam Research Corporation (NASDAQ:LRCX)’s share price traded up 1.1% during trading on Friday . The stock traded as high as $319.10 and last traded at $314.00. 5,933,649 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 11,179,405 shares. The stock had previously closed at $310.53.

Analysts Set New Price Targets

LRCX has been the topic of several analyst reports. B. Riley Financial cut their target price on Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 price target on shares of Lam Research in a research report on Thursday, July 30th. Sanford C. Bernstein raised their price objective on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Morgan Stanley cut their price objective on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, Evercore reiterated an “outperform” rating and issued a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Price Performance

The business has a 50 day simple moving average of $337.47 and a two-hundred day simple moving average of $286.09. The firm has a market capitalization of $392.91 billion, a P/E ratio of 54.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Lam Research

A number of hedge funds have recently bought and sold shares of LRCX. Saudi Central Bank boosted its stake in shares of Lam Research by 88.5% in the 2nd quarter. Saudi Central Bank now owns 87,414 shares of the semiconductor company’s stock valued at $37,879,000 after purchasing an additional 41,052 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Lam Research by 3.1% during the second quarter. Angeles Wealth Management LLC now owns 10,468 shares of the semiconductor company’s stock worth $4,539,000 after purchasing an additional 310 shares during the period. Unique Wealth LLC bought a new stake in shares of Lam Research in the 2nd quarter worth approximately $256,000. Riverview Capital Advisers LLC bought a new stake in Lam Research in the second quarter valued at $259,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Lam Research in the 2nd quarter worth about $3,721,000. Institutional investors own 84.61% of the company’s stock.

About Lam Research

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.