Lam Research (NASDAQ:LRCX) Shares Up 1.9% – Here’s Why

Lam Research Corporation (NASDAQ:LRCX) traded up 1.9% during mid-day trading on Wednesday . The stock traded as high as $245.27 and last traded at $240.09. 10,046,495 shares traded hands during trading, a decline of 24% from the average session volume of 13,135,321 shares. The stock had previously closed at $235.58.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRCX. Mizuho set a $265.00 price objective on shares of Lam Research in a research note on Wednesday, January 28th. Sanford C. Bernstein upped their price objective on Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Needham & Company LLC increased their price target on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.88.

Lam Research Trading Up 1.9%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The business has a fifty day simple moving average of $204.61 and a 200 day simple moving average of $157.71. The stock has a market capitalization of $299.82 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.78.

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

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio is presently 21.31%.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP acquired a new stake in Lam Research during the first quarter worth about $239,000. Ignite Planners LLC increased its holdings in Lam Research by 32.8% in the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock valued at $520,000 after buying an additional 1,277 shares during the period. Harbour Investments Inc. raised its position in shares of Lam Research by 6.3% in the 2nd quarter. Harbour Investments Inc. now owns 3,230 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 192 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Lam Research by 5.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,395 shares of the semiconductor company’s stock worth $1,495,000 after acquiring an additional 863 shares during the period. 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.