Lam Research (NASDAQ:LRCX) Price Target Raised to $140.00 at Rothschild & Co Redburn

Lam Research (NASDAQ:LRCX) had its price target upped by Rothschild & Co Redburn from $115.00 to $140.00 in a research report report published on Wednesday morning,MarketScreener reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald lifted their price objective on Lam Research from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. UBS Group lifted their price objective on Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Erste Group Bank initiated coverage on Lam Research in a report on Thursday, August 14th. They issued a “buy” rating for the company. Argus lifted their target price on Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Barclays set a $83.00 target price on Lam Research and gave the company an “equal weight” rating in a report on Monday, July 28th. Twenty-two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $117.72.

Lam Research Trading Up 6.6%

NASDAQ LRCX opened at $142.79 on Wednesday. The stock has a market capitalization of $180.06 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.63 and a beta of 1.83. Lam Research has a one year low of $56.32 and a one year high of $143.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The business’s fifty day moving average is $108.51 and its 200-day moving average is $91.33.

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

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 24th. Lam Research’s dividend payout ratio is currently 25.00%.

Hedge Funds Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently made changes to their positions in LRCX. Brighton Jones LLC raised its holdings in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Lam Research by 581,300.0% during the first quarter. NBC Securities Inc. now owns 5,814 shares of the semiconductor company’s stock valued at $422,000 after acquiring an additional 5,813 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of Lam Research by 17.7% during the first quarter. Merit Financial Group LLC now owns 25,509 shares of the semiconductor company’s stock valued at $1,855,000 after acquiring an additional 3,845 shares in the last quarter. RFG Advisory LLC bought a new position in shares of Lam Research during the first quarter valued at approximately $559,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Lam Research during the first quarter valued at approximately $77,000. Institutional investors own 84.61% of the company’s stock.

About Lam Research

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.