Lam Research Corporation (NASDAQ:LRCX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lam Research Corporation (NASDAQ:LRCX) have received an average recommendation of “Moderate Buy” from the thirty-five ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, twenty-eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $244.8813.

LRCX has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $290.00 price target (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Stifel Nicolaus raised their target price on shares of Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, TD Cowen lifted their price target on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th.

Insider Activity

In related news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in Lam Research in the 4th quarter valued at about $3,645,427,000. Price T Rowe Associates Inc. MD raised its stake in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after purchasing an additional 10,053,978 shares during the period. JPMorgan Chase & Co. grew its stake in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Lam Research by 57.0% during the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock worth $1,730,724,000 after purchasing an additional 3,671,073 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Down 1.1%

LRCX stock opened at $237.39 on Friday. The firm has a fifty day moving average price of $207.42 and a 200 day moving average price of $158.84. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $251.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The firm has a market cap of $296.45 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. Lam Research’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Sell-side analysts anticipate 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, April 8th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio is currently 21.31%.

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.