Brokerages Set Lam Research Corporation (NASDAQ:LRCX) Price Target at $161.21

Shares of Lam Research Corporation (NASDAQ:LRCX) have earned a consensus rating of “Moderate Buy” from the thirty-six brokerages that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $161.2067.

A number of brokerages have issued reports on LRCX. Dbs Bank boosted their price target on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. BNP Paribas Exane upped their price objective on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Needham & Company LLC increased their target price on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Susquehanna boosted their price target on shares of Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a report on Monday, December 15th.

Lam Research Trading Up 8.1%

Lam Research stock opened at $185.06 on Thursday. Lam Research has a 52-week low of $56.32 and a 52-week high of $185.78. 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 $232.44 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.14 and a beta of 1.77. The firm has a 50-day moving average price of $161.34 and a two-hundred day moving average price of $129.13.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that Lam Research will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Transactions at Lam Research

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

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently made changes to their positions in the business. Gilliland Jeter Wealth Management LLC boosted its holdings in Lam Research by 0.3% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after buying an additional 69 shares in the last quarter. Gold Investment Management Ltd. boosted its stake in shares of Lam Research by 0.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after acquiring an additional 70 shares in the last quarter. Hemington Wealth Management grew its holdings in shares of Lam Research by 4.3% in the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after acquiring an additional 72 shares during the last quarter. Magnus Financial Group LLC raised its position in shares of Lam Research by 0.3% during the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock worth $3,058,000 after purchasing an additional 76 shares during the period. Finally, Addison Advisors LLC lifted its holdings in shares of Lam Research by 2.8% during the third quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds 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.