Lam Research Corporation (NASDAQ:LRCX) Receives $358.47 Consensus PT from Analysts

Shares of Lam Research Corporation (NASDAQ:LRCX) have been given a consensus rating of “Moderate Buy” by the thirty-two ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $358.4733.

Several analysts have recently issued reports on LRCX shares. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Mizuho boosted their price objective on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Barclays restated an “overweight” rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Finally, Stifel Nicolaus upped their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th.

Lam Research Stock Up 1.1%

Shares of NASDAQ:LRCX opened at $310.53 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a market capitalization of $388.57 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The firm’s 50-day moving average is $338.53 and its two-hundred day moving average is $285.89. Lam Research has a 1 year low of $94.11 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts predict that Lam Research will post 9.32 EPS for the current year.

Insider Transactions at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Capital Wealth Advisors acquired a new position in shares of Lam Research during the 2nd quarter worth $693,000. Acorn Wealth Advisors LLC acquired a new position in shares of Lam Research during the 2nd quarter worth approximately $217,000. Keeler Thomas Management LLC lifted its position in shares of Lam Research by 11.2% in the second quarter. Keeler Thomas Management LLC now owns 5,597 shares of the semiconductor company’s stock valued at $2,425,000 after acquiring an additional 565 shares in the last quarter. Legacy Financial Advisors Inc. lifted its holdings in Lam Research by 4.6% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 9,613 shares of the semiconductor company’s stock valued at $4,165,000 after purchasing an additional 424 shares in the last quarter. Finally, Cooper Haims Advisors LLC purchased a new position in shares of Lam Research during the second quarter valued at approximately $240,000. Institutional investors and hedge funds 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.