Lam Research (NASDAQ:LRCX) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Lam Research (NASDAQ:LRCX) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial lifted their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. TD Cowen upped their target price on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a “hold” rating to a “buy” rating and upped their target price for the stock from $100.00 to $150.00 in a research note on Monday. UBS Group boosted their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Lam Research Price Performance

LRCX stock opened at $146.99 on Tuesday. The firm’s 50-day moving average price is $109.49 and its two-hundred day moving average price is $91.80. Lam Research has a 12-month low of $56.32 and a 12-month high of $147.35. The stock has a market capitalization of $185.36 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.74 and a beta of 1.83. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

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

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This is an increase 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%. Lam Research’s dividend payout ratio (DPR) is currently 25.00%.

Hedge Funds Weigh In On Lam Research

A number of hedge funds have recently modified their holdings of LRCX. Brighton Jones LLC boosted its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. NBC Securities Inc. boosted its position in shares of Lam Research by 581,300.0% in the first quarter. NBC Securities Inc. now owns 5,814 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 5,813 shares during the period. Merit Financial Group LLC boosted its position 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 worth $1,855,000 after acquiring an additional 3,845 shares during the last quarter. RFG Advisory LLC bought a new position in shares of Lam Research during the first quarter worth $559,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Lam Research during the first quarter worth $145,000. 84.61% of the stock is currently owned by institutional investors.

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.