Lam Research (NASDAQ:LRCX) Price Target Raised to $300.00 at Stifel Nicolaus

Lam Research (NASDAQ:LRCX) had its price target upped by Stifel Nicolaus from $280.00 to $300.00 in a research report report published on Monday morning,MarketScreener reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on LRCX. KeyCorp restated a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Oppenheimer restated an “outperform” rating and issued a $265.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Erste Group Bank cut Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $246.94.

Lam Research Trading Up 1.4%

NASDAQ LRCX opened at $267.27 on Monday. The stock has a market capitalization of $333.76 billion, a price-to-earnings ratio of 54.77, a PEG ratio of 2.81 and a beta of 1.78. Lam Research has a one year low of $61.14 and a one year high of $268.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The business’s fifty day moving average is $228.24 and its 200-day moving average is $190.76.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts predict that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s payout ratio is presently 21.31%.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction dated 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 transaction, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,886 shares of company stock valued at $29,658,802 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after purchasing an additional 364,949 shares in the last quarter. State Street Corp grew its holdings in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after purchasing an additional 126,613 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Lam Research during the fourth quarter worth about $3,645,427,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.