Lam Research (NASDAQ:LRCX) Price Target Raised to $160.00

Lam Research (NASDAQ:LRCX) had its target price raised by The Goldman Sachs Group from $115.00 to $160.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The Goldman Sachs Group currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. B. Riley upped their price target on shares of Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. HSBC set a $127.00 price target on Lam Research and gave the company a “hold” rating in a report on Tuesday, September 30th. Barclays set a $83.00 price objective on Lam Research and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Argus upped their target price on Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $131.37 on Wednesday. The business has a 50-day moving average of $114.80 and a two-hundred day moving average of $94.46. The firm has a market capitalization of $165.66 billion, a PE ratio of 31.58, a P/E/G ratio of 1.72 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company’s revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts forecast that Lam Research will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 25.00%.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Lam Research during the 2nd quarter worth approximately $1,894,585,000. Vanguard Group Inc. raised its position in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares in the last quarter. Nuveen LLC bought a new position in Lam Research during the first quarter worth $604,344,000. JPMorgan Chase & Co. boosted its holdings in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Lam Research by 99.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.