Lam Research (NASDAQ:LRCX) Price Target Raised to $200.00

Lam Research (NASDAQ:LRCX) had its price objective boosted by Susquehanna from $135.00 to $200.00 in a report released on Thursday, Marketbeat reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

LRCX has been the subject of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. Barclays set a $142.00 target price on Lam Research and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Finally, Cantor Fitzgerald upped their price objective on Lam Research from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Lam Research Trading Up 2.8%

LRCX opened at $151.68 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $191.27 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.81 and a beta of 1.84. Lam Research has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a 50-day simple moving average of $123.23 and a 200 day simple moving average of $99.87.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is currently 22.91%.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after purchasing an additional 17,833 shares during the period. Pinnacle Financial Partners Inc acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $607,000. China Universal Asset Management Co. Ltd. grew its position in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after buying an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC grew its position in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after buying an additional 2,270 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.