Lam Research (NASDAQ:LRCX) Shares Up 3.2% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX) shares were up 3.2% during mid-day trading on Tuesday . The stock traded as high as $226.71 and last traded at $226.47. Approximately 9,932,719 shares traded hands during trading, a decline of 17% from the average daily volume of 12,004,656 shares. The stock had previously closed at $219.40.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LRCX. Needham & Company LLC boosted their price objective on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Lam Research in a research report on Monday, December 15th. New Street Research raised their price target on Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Wells Fargo & Company lifted their price objective on Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, Barclays increased their target price on Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Price Performance

The stock has a market cap of $292.12 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 2.44 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $226.06 and its two-hundred day simple moving average is $175.71.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 over the last quarter. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PMV Capital Advisers LLC bought a new position in Lam Research during the 4th quarter valued at about $25,000. Stance Capital LLC bought a new stake in Lam Research during the third quarter worth about $26,000. Bayban acquired a new stake in shares of Lam Research during the fourth quarter worth approximately $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research during the second quarter worth approximately $27,000. Finally, Triumph Capital Management bought a new position in shares of Lam Research in the third quarter valued at approximately $27,000. 84.61% of the stock is owned by institutional investors.

Lam Research Company Profile

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.