Lam Research (NASDAQ:LRCX) Stock Price Up 5.7% – Here’s Why

Lam Research Corporation (NASDAQ:LRCX)’s share price was up 5.7% on Tuesday . The company traded as high as $323.98 and last traded at $322.68. Approximately 9,741,857 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 10,890,879 shares. The stock had previously closed at $305.35.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LRCX shares. Evercore lifted their target price on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. HSBC lifted their target price on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $290.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $330.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $293.46.

Lam Research Price Performance

The stock has a market cap of $403.53 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.53 and a beta of 1.81. The company has a 50-day moving average of $255.98 and a 200-day moving average of $216.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s payout ratio is 19.62%.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,066 shares of company stock worth $27,953,242 in the last quarter. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

A number of institutional investors have recently added to or reduced their stakes in LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research in the 4th quarter valued at approximately $25,000. Stance Capital LLC purchased a new stake in Lam Research in the 3rd quarter valued at approximately $26,000. Bayban purchased a new stake in Lam Research in the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. purchased a new stake in Lam Research in the 1st quarter valued at approximately $26,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% in the 1st 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. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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.