Lam Research (NASDAQ:LRCX) Stock Price Up 2.5% – Here’s What Happened

by · The Markets Daily

Shares of Lam Research Corporation (NASDAQ:LRCX – Get Free Report) traded up 2.5% during trading on Monday . The company traded as high as $164.62 and last traded at $162.74. 10,152,678 shares were traded during mid-day trading, a decline of 14% from the average session volume of 11,786,651 shares. The stock had previously closed at $158.70.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Oppenheimer set a $200.00 target price on shares of Lam Research and gave the company an “outperform” rating in a research note on Thursday, October 23rd. HSBC set a $127.00 price target on Lam Research and gave the company a “hold” rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Berenberg Bank increased their target price on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.87.

View Our Latest Research Report on LRCX

Lam Research Price Performance

The firm has a 50 day moving average price of $150.02 and a 200 day moving average price of $117.59. The stock has a market capitalization of $204.41 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.63 and a beta of 1.77. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

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

Lam Research Announces Dividend

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 paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s payout ratio is 22.91%.

Insider Activity

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IMG Wealth Management Inc. bought a new position in shares of Lam Research during the 2nd quarter valued at about $26,000. Stance Capital LLC bought a new stake in Lam Research in the third quarter worth $26,000. Howard Hughes Medical Institute purchased a new stake in Lam Research during the second quarter valued at $27,000. Triumph Capital Management purchased a new stake in Lam Research during the third quarter valued at $27,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Lam Research during the second quarter valued at $29,000. Institutional investors own 84.61% of the company’s stock.

About Lam Research

(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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