Lam Research (NASDAQ:LRCX) Trading 3.5% Higher – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shares were up 3.5% on Monday . The stock traded as high as $345.28 and last traded at $343.84. 7,777,337 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 11,254,208 shares. The stock had previously closed at $332.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LRCX shares. Mizuho boosted their price objective on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Rothschild & Co Redburn raised their target price on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Raymond James Financial set a $425.00 target price on Lam Research in a research report on Wednesday, June 10th. TD Cowen reissued a “buy” rating and set a $400.00 price target (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Stock Performance

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 business’s 50 day moving average is $339.86 and its two-hundred day moving average is $284.93. The company has a market cap of $410.33 billion, a PE ratio of 56.93, a PEG ratio of 1.32 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its 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. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Insider Transactions at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. The trade was a 17.34% 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 sold a total of 80,441 shares of company stock valued at $27,614,296 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently modified their holdings of the stock. Paladin Partners LLC bought a new stake in Lam Research in the 2nd quarter valued at $26,000. Bravera Wealth bought a new position in shares of Lam Research during the 2nd quarter valued at about $46,000. Cedar Mountain Advisors LLC grew its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Lam Research during the second quarter valued at about $52,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Lam Research during the first quarter valued at 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.