Lam Research (NASDAQ:LRCX) Hits New 12-Month High – What’s Next?

Lam Research Corporation (NASDAQ:LRCX)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $401.30 and last traded at $396.6490, with a volume of 1138057 shares trading hands. The stock had previously closed at $389.04.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of recent research reports. Raymond James Financial set a $425.00 price target on Lam Research in a research report on Wednesday, June 10th. Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Evercore boosted their price objective on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald set a $425.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $329.59.

Lam Research Stock Up 1.6%

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm’s 50 day moving average is $301.75 and its two-hundred day moving average is $242.18. The firm has a market capitalization of $494.19 billion, a P/E ratio of 74.72, a PEG ratio of 3.21 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts predict that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.

Insider Activity

In other Lam Research news, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Militia Capital Management LLC bought a new stake in Lam Research in the 1st quarter valued at $218,000. Rathbones Group PLC boosted its position in Lam Research by 1,013.2% during the first quarter. Rathbones Group PLC now owns 73,112 shares of the semiconductor company’s stock worth $15,621,000 after purchasing an additional 66,544 shares during the period. Wealthquest Corp increased its holdings in shares of Lam Research by 5.3% in the first quarter. Wealthquest Corp now owns 4,041 shares of the semiconductor company’s stock valued at $863,000 after purchasing an additional 205 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Lam Research by 7.6% in the first quarter. Parallel Advisors LLC now owns 20,591 shares of the semiconductor company’s stock valued at $4,400,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Foguth Wealth Management LLC. bought a new position in shares of Lam Research in the first quarter valued at about $202,000. 84.61% of the stock is owned by institutional investors and hedge funds.

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.