Lam Research (NASDAQ:LRCX) Shares Up 4.1% – Here’s Why
by Renee Jackson · The Cerbat GemLam Research Corporation (NASDAQ:LRCX – Get Free Report) shares shot up 4.1% during mid-day trading on Thursday . The company traded as high as $235.14 and last traded at $233.99. 10,049,930 shares were traded during mid-day trading, a decline of 16% from the average session volume of 11,978,813 shares. The stock had previously closed at $224.71.
Analyst Ratings Changes
LRCX has been the topic of a number of recent analyst reports. Mizuho set a $265.00 price target on shares of Lam Research in a research report on Wednesday, January 28th. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group set a $262.00 target price on Lam Research and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $290.00 target price (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. Finally, Citigroup increased their price target on Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.
Check Out Our Latest Stock Analysis on LRCX
Lam Research Price Performance
The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company’s 50 day moving average price is $226.92 and its 200-day moving average price is $177.01. The company has a market cap of $285.17 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.52 and a beta of 1.77.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.
Lam Research Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio is presently 21.31%.
Insider Activity
In related news, insider Ava Harter sold 1,500 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $11,846,625.30. This represents a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130,886 shares of company stock worth $29,658,802 over the last quarter. Corporate insiders own 0.31% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD raised its position in Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Lam Research by 14.4% in 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 acquiring an additional 5,102,589 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Lam Research by 57.0% in the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after acquiring an additional 3,671,073 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
Lam Research Company Profile
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.