Lam Research (NASDAQ:LRCX) Price Target Raised to $390.00

Lam Research (NASDAQ:LRCX) had its price objective lifted by B. Riley Financial from $350.00 to $390.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently commented on the stock. Rothschild & Co Redburn lifted their target price on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. UBS Group decreased their price target on shares of Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Bank of America boosted their price objective on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $364.01.

Lam Research Price Performance

Lam Research stock opened at $347.49 on Thursday. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $434.86 billion, a PE ratio of 60.33, a P/E/G ratio of 1.38 and a beta of 1.85. Lam Research has a 12 month low of $131.02 and a 12 month high of $438.50. The stock has a 50-day moving average price of $306.11 and a two-hundred day moving average price of $302.26.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts expect that Lam Research will post 9.32 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is presently 22.92%.

Insider Buying and Selling

In other Lam Research news, Director Abhijit Talwalkar sold 18,282 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,839 shares of company stock valued at $10,644,740 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Institutional Trading of Lam Research

Several large investors have recently made changes to their positions in LRCX. State Street Corp boosted its holdings in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after acquiring an additional 1,545,830 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares in the last quarter. Invesco Ltd. raised its position in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lam Research during the second quarter worth approximately $3,777,585,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Optimistic earnings outlook: An earnings preview argues that Lam Research’s rally could continue, supported by artificial-intelligence infrastructure spending and sustained demand for wafer-fabrication equipment. Investors are likely watching for evidence that growth will remain strong in the next report. Lam Research: This Rally Has Legs (Earnings Preview)
• Positive Sentiment: Analyst support: B. Riley raised its price target from $350 to $390 and maintained a “buy” rating. Bank of America’s designation of LRCX as a top pick also reinforces the view that equipment demand may be stronger than previously expected. Does Lam Research Being a BofA Top Pick Reframe Its Equipment Demand Narrative?
• Positive Sentiment: Strong financial performance: Lam’s latest quarterly results exceeded expectations, with earnings of $1.82 per share versus a $1.69 consensus estimate and revenue of $6.72 billion. Revenue increased 30% year over year, while the company also raised its dividend, strengthening the bullish case. Lam Research Stock Gains Ground on Strong Earnings and Dividend Hike

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.