Lam Research (NASDAQ:LRCX) Given New $195.00 Price Target at B. Riley

Lam Research (NASDAQ:LRCX) had its price objective increased by B. Riley from $180.00 to $195.00 in a research report report published on Thursday morning, Marketbeat reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other research analysts have also issued research reports about the company. BNP Paribas Exane upped their price target on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research report on Monday. Citigroup boosted their price target on Lam Research from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Cowen reissued a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Finally, Oppenheimer set a $200.00 target price on Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Twenty-six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $159.21.

Lam Research Price Performance

LRCX opened at $164.70 on Thursday. Lam Research has a 12-month low of $56.32 and a 12-month high of $169.69. 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 50-day moving average price of $154.01 and a 200-day moving average price of $122.18. The stock has a market capitalization of $206.87 billion, a P/E ratio of 36.28, a PEG ratio of 1.59 and a beta of 1.77.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Buying and Selling at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently modified their holdings of LRCX. AIA Group Ltd increased its stake in Lam Research by 197.6% during the 3rd quarter. AIA Group Ltd now owns 32,857 shares of the semiconductor company’s stock valued at $4,400,000 after purchasing an additional 21,818 shares in the last quarter. Keel Point LLC increased its position in shares of Lam Research by 4.9% in the 3rd quarter. Keel Point LLC now owns 8,593 shares of the semiconductor company’s stock valued at $1,151,000 after acquiring an additional 399 shares during the period. FNY Investment Advisers LLC increased its position in shares of Lam Research by 830.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 9,947 shares of the semiconductor company’s stock valued at $1,331,000 after acquiring an additional 8,878 shares during the period. Hudson Bay Capital Management LP increased its holdings in Lam Research by 3,594.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 174,700 shares of the semiconductor company’s stock worth $23,392,000 after buying an additional 179,700 shares during the period. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of Lam Research in the 3rd quarter valued at $388,000. Institutional investors and hedge funds 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.