Lam Research (NASDAQ:LRCX) Price Target Raised to $145.00

Lam Research (NASDAQ:LRCX) had its target price increased by TD Cowen from $125.00 to $145.00 in a report published on Monday morning,MarketScreener reports. TD Cowen currently has a buy rating on the semiconductor company’s stock.

Several other research analysts have also issued reports on LRCX. Raymond James Financial raised their target price on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. B. Riley upped their target price on Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, HSBC set a $127.00 price target on shares of Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.80.

Lam Research Stock Up 4.7%

Shares of NASDAQ LRCX opened at $144.78 on Monday. The company has a 50 day simple moving average of $117.40 and a 200 day simple moving average of $95.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. Lam Research has a 1 year low of $56.32 and a 1 year high of $153.70. The firm has a market cap of $182.57 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts forecast that Lam Research will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) is currently 25.00%.

Insider Activity at Lam Research

In other 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 value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new stake in shares of Lam Research during the first quarter valued at approximately $201,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Lam Research during the first quarter valued at approximately $607,000. China Universal Asset Management Co. Ltd. raised its position in shares of Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after purchasing an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC lifted its holdings in shares of Lam Research by 8.5% in the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after purchasing an additional 2,270 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

About Lam Research

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.