Lam Research (NASDAQ:LRCX) Shares Up 6.3% on Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX) shares shot up 6.3% during trading on Thursday after B. Riley raised their price target on the stock from $180.00 to $195.00. B. Riley currently has a buy rating on the stock. Lam Research traded as high as $168.29 and last traded at $164.70. 12,961,758 shares were traded during trading, an increase of 10% from the average session volume of 11,737,519 shares. The stock had previously closed at $154.98.

Several other equities research analysts also recently issued reports on LRCX. Citigroup upped their price target on Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Dbs Bank lifted their price objective on shares of Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 target price (up previously from $175.00) on shares of Lam Research in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.21.

Insider Buying and Selling

In other news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 102,608 shares of company stock worth $14,916,496. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after buying an additional 364,949 shares in the last quarter. State Street Corp boosted its position in shares of Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after purchasing an additional 1,135,405 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 6.3%

The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $206.87 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 1.68 and a beta of 1.77. The firm’s 50-day simple moving average is $153.54 and its 200-day simple moving average is $121.88.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the firm posted $0.86 EPS. The firm’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 Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio is 22.91%.

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.