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

Shares of Lam Research Corporation (NASDAQ:LRCX) have been given an average rating of “Moderate Buy” by the thirty-five analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $245.35.

Several equities analysts have issued reports on the company. B. Riley Financial reiterated a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. Barclays raised their price target on shares of Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. Stifel Nicolaus lifted their price objective on shares of Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction 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. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ava Harter sold 4,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the sale, the insider owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 in the last ninety days. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Lam Research by 0.3% in the third 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 last quarter. State Street Corp lifted its stake 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 buying an additional 265,805 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after buying an additional 5,102,589 shares during 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 valued at $5,764,117,000 after buying an additional 126,613 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Up 3.4%

NASDAQ:LRCX opened at $219.40 on Tuesday. The company has a market cap of $273.98 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77. Lam Research has a twelve month low of $56.32 and a twelve month high of $256.68. 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 stock has a fifty day simple moving average of $225.24 and a 200-day simple moving average of $174.48.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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 firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. Lam Research’s quarterly revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts anticipate that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a $0.26 dividend. 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 0.5%. Lam Research’s dividend payout ratio (DPR) is presently 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.