Lam Research (NASDAQ:LRCX) Stock Price Up 3.4% – Still a Buy?

Lam Research Corporation (NASDAQ:LRCX)’s stock price shot up 3.4% on Monday . The company traded as high as $221.46 and last traded at $219.40. 9,504,108 shares were traded during trading, a decline of 21% from the average session volume of 12,045,597 shares. The stock had previously closed at $212.20.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LRCX shares. Cantor Fitzgerald reissued an “overweight” rating and set a $320.00 price objective (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. New Street Research boosted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. Finally, HSBC upped their target price on Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $245.35.

Lam Research Stock Performance

The company’s fifty day simple moving average is $224.75 and its two-hundred day simple moving average is $173.67. The company has a market capitalization of $273.98 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion for 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 company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio is currently 21.31%.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the transaction, the insider owned 54,705 shares of the company’s stock, valued at $12,718,912.50. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,886 shares of company stock worth $29,658,802 over the last ninety days. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

A number of large investors have recently bought and sold shares of LRCX. Triumph Capital Management lifted its holdings in shares of Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares during the last quarter. Traphagen Investment Advisors LLC grew its stake in Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after buying an additional 46 shares during the last quarter. Bank of Jackson Hole Trust increased its position in Lam Research by 12.6% in the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after buying an additional 48 shares during the period. Field & Main Bank lifted its stake in Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after buying an additional 50 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock valued at $795,000 after buying an additional 51 shares during the last quarter. 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.