Lam Research (NASDAQ:LRCX) Stock Price Up 1.4% Following Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price rose 1.4% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $280.00 to $300.00. Stifel Nicolaus currently has a buy rating on the stock. Lam Research traded as high as $267.54 and last traded at $267.2730. Approximately 8,712,114 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 11,578,390 shares. The stock had previously closed at $263.66.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Evercore set a $275.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Argus boosted their target price on shares of Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. UBS Group set a $300.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.94.

Insider Activity at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Lam Research

Several hedge funds and other institutional investors have recently made changes to their positions in LRCX. Vanguard Group Inc. boosted its position in Lam Research by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after buying an additional 364,949 shares during the period. State Street Corp boosted its position in Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares during the period. Geode Capital Management LLC boosted its position in Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after buying an additional 126,613 shares during the period. Invesco Ltd. boosted its position in Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after buying an additional 1,638,406 shares during the period. Finally, Norges Bank acquired a new stake in Lam Research during the 4th quarter worth approximately $3,645,427,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Up 1.4%

The firm’s 50-day moving average is $228.24 and its 200 day moving average is $190.76. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $333.76 billion, a price-to-earnings ratio of 54.77, a P/E/G ratio of 2.81 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the company earned $0.91 EPS. The firm’s 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. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) 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.