Lam Research (NASDAQ:LRCX) Shares Up 8.7% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX)’s share price rose 8.7% on Friday . The company traded as high as $219.59 and last traded at $218.36. Approximately 16,737,301 shares traded hands during trading, an increase of 8% from the average daily volume of 15,449,355 shares. The stock had previously closed at $200.96.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Morgan Stanley upped their price target on shares of Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $265.00 target price (up from $210.00) on shares of Lam Research in a report on Thursday. Finally, Wells Fargo & Company raised their price target on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.37.

Lam Research Trading Up 8.7%

The stock’s 50-day simple moving average is $164.77 and its 200-day simple moving average is $131.92. The firm has a market capitalization of $274.27 billion, a PE ratio of 48.10, a P/E/G ratio of 2.34 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is currently 22.91%.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the business’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 sale, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,608 shares of company stock worth $14,916,496 over the last three months. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the fourth quarter valued at about $25,000. Stance Capital LLC bought a new position in shares of Lam Research during the 3rd quarter valued at approximately $26,000. Triumph Capital Management bought a new position in shares of Lam Research during the third quarter valued at approximately $27,000. Harbor Investment Advisory LLC boosted its position in Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 102 shares during the period. Finally, IMG Wealth Management Inc. purchased a new stake in Lam Research in the second quarter worth about $26,000. Hedge funds and other 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.