Lam Research (NASDAQ:LRCX) Trading Up 3.4% Following Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX) shares traded up 3.4% during trading on Monday after Dbs Bank raised their price target on the stock from $119.40 to $184.20. The company traded as high as $158.25 and last traded at $156.90. Approximately 13,276,264 shares changed hands during trading, an increase of 11% from the average daily volume of 11,923,149 shares. The stock had previously closed at $151.68.

Several other equities analysts have also recently commented on LRCX. Erste Group Bank assumed coverage on shares of Lam Research in a research note on Thursday, August 14th. They set a “buy” rating on the stock. Raymond James Financial raised their price objective 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. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group lifted their price target on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Evercore ISI lifted their price target on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $148.83.

Insider Activity

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in Lam Research by 4.6% in the 3rd quarter. Versant Capital Management Inc now owns 8,215 shares of the semiconductor company’s stock worth $1,100,000 after purchasing an additional 360 shares in the last quarter. Stephens Inc. AR increased its position in shares of Lam Research by 268.3% in the third quarter. Stephens Inc. AR now owns 34,302 shares of the semiconductor company’s stock worth $4,593,000 after acquiring an additional 24,989 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Lam Research in the third quarter worth approximately $270,000. Jacobsen Capital Management increased its position in shares of Lam Research by 4.1% in the third quarter. Jacobsen Capital Management now owns 2,804 shares of the semiconductor company’s stock worth $375,000 after acquiring an additional 111 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Lam Research in the third quarter worth approximately $64,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $197.86 billion, a PE ratio of 34.56, a PEG ratio of 1.66 and a beta of 1.84. The firm’s 50-day simple moving average is $124.39 and its two-hundred day simple moving average is $100.67.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the company posted $0.86 EPS. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This is a positive change 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 was Wednesday, September 24th. Lam Research’s dividend payout ratio is presently 22.91%.

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.