Lam Research (NASDAQ:LRCX) Trading Up 1% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX)’s stock price shot up 1% on Tuesday . The company traded as high as $152.80 and last traded at $151.93. 9,672,173 shares were traded during trading, a decline of 19% from the average session volume of 11,898,993 shares. The stock had previously closed at $150.38.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LRCX shares. Susquehanna boosted their target price on Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 target price on Lam Research and gave the company a “buy” rating in a research report on Thursday, October 23rd. Mizuho increased their price target on shares of Lam Research from $162.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Rothschild & Co Redburn upped their price objective on Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.17.

Lam Research Trading Up 1.0%

The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The firm has a market cap of $190.83 billion, a PE ratio of 33.46, a P/E/G ratio of 1.68 and a beta of 1.87. The business has a fifty day moving average price of $144.80 and a 200 day moving average price of $112.96.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The firm’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. Analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders 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 annualized dividend and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was 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 directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the transaction, the insider owned 56,786 shares in the company, valued at $8,942,091.42. This represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,608 shares of company stock worth $14,916,496 over the last three months. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LRCX. IMG Wealth Management Inc. acquired a new stake in Lam Research during the 2nd quarter worth approximately $26,000. Stance Capital LLC acquired a new position in shares of Lam Research in the third quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new stake in shares of Lam Research during the second quarter worth approximately $27,000. Triumph Capital Management acquired a new stake in shares of Lam Research during the third quarter worth $27,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of Lam Research during the second quarter worth $29,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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.