Lam Research (NASDAQ:LRCX) Stock Price Up 2.1% – Here’s Why

by · The Cerbat Gem

Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s stock price rose 2.1% during mid-day trading on Wednesday . The company traded as high as $156.97 and last traded at $155.14. Approximately 8,391,115 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 11,885,673 shares. The stock had previously closed at $151.93.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LRCX. UBS Group reaffirmed a “buy” rating and set a $175.00 target price (up from $165.00) on shares of Lam Research in a research report on Tuesday. Sanford C. Bernstein increased their price target on shares of Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a research report on Monday. Berenberg Bank boosted their target price on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Mizuho increased their target price on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $152.17.

Read Our Latest Research Report on LRCX

Lam Research Trading Up 2.1%

The company has a market cap of $194.86 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $145.43 and its 200-day moving average price is $113.50.

Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the business earned $0.86 EPS. Lam Research’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is 22.91%.

Insider Buying and Selling

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,608 shares of company stock worth $14,916,496 in the last 90 days. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LRCX. Sava Infond d.o.o. grew its position in shares of Lam Research by 3.1% in the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after buying an additional 2,250 shares during the last quarter. Empowered Funds LLC lifted its stake in Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Genus Capital Management Inc. purchased a new stake in Lam Research in the second quarter worth $14,476,000. Cookson Peirce & Co. Inc. purchased a new position in Lam Research during the 1st quarter valued at $607,000. Finally, Horizon Bancorp Inc. IN purchased a new position in Lam Research during the 2nd quarter valued at $389,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Company Profile

(Get Free Report)

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.

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