Lam Research (NASDAQ:LRCX) Sets New 52-Week High – Here’s What Happened
by Renee Jackson · The Cerbat GemLam Research Corporation (NASDAQ:LRCX – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $323.98 and last traded at $322.68, with a volume of 9761769 shares. The stock had previously closed at $305.35.
Wall Street Analyst Weigh In
LRCX has been the topic of a number of recent analyst reports. Berenberg Bank increased their price target on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Sanford C. Bernstein increased their price target on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Finally, Seaport Research Partners assumed coverage on Lam Research in a research report on Monday, May 4th. They issued a “buy” rating and a $300.00 target price on the stock. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $293.46.
Get Our Latest Analysis on LRCX
Lam Research Stock Up 5.7%
The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $403.53 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.81. The firm has a 50-day moving average of $258.19 and a two-hundred day moving average of $217.89.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.
Lam Research Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.
Insider Buying and Selling at Lam Research
In other Lam Research news, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 120,066 shares of company stock valued at $27,953,242 over the last three months. 0.31% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Summitry LLC raised its position in Lam Research by 9.4% in the first quarter. Summitry LLC now owns 1,537 shares of the semiconductor company’s stock valued at $328,000 after purchasing an additional 132 shares during the period. Groupama Asset Managment raised its position in Lam Research by 18.9% in the first quarter. Groupama Asset Managment now owns 136,822 shares of the semiconductor company’s stock valued at $29,233,000 after purchasing an additional 21,749 shares during the period. Wellington Grp LLC raised its position in Lam Research by 41.0% in the first quarter. Wellington Grp LLC now owns 6,600 shares of the semiconductor company’s stock valued at $1,410,000 after purchasing an additional 1,920 shares during the period. BankChampaign National Association purchased a new position in Lam Research in the first quarter valued at about $836,000. Finally, Groupe la Francaise raised its position in Lam Research by 215.4% in the first quarter. Groupe la Francaise now owns 194,794 shares of the semiconductor company’s stock valued at $41,631,000 after purchasing an additional 133,024 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.
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.