Lam Research Corporation (NASDAQ:LRCX) Stock Has Consensus Price Target of $364.01

Shares of Lam Research Corporation (NASDAQ:LRCX) have earned an average recommendation of “Moderate Buy” from the thirty-two ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $364.59.

Several equities research analysts have commented on the company. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an “overweight” rating in a research note on Monday, June 29th. Bank of America raised their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Finally, Stifel Nicolaus increased their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th.

Insiders Place Their Bets

In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This represents a 17.34% decrease in their position. 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 32,839 shares of company stock valued at $10,644,740 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LRCX. Paladin Partners LLC bought a new stake in shares of Lam Research during the 2nd quarter worth approximately $26,000. Bravera Wealth bought a new position in shares of Lam Research in the second quarter valued at $46,000. Cedar Mountain Advisors LLC increased its holdings in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after buying an additional 85 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Lam Research during the second quarter worth $52,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Lam Research during the first quarter worth $26,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

LRCX stock opened at $345.80 on Friday. The stock has a 50-day moving average price of $307.19 and a two-hundred day moving average price of $303.68. Lam Research has a 1 year low of $131.02 and a 1 year high of $438.50. The stock has a market cap of $432.74 billion, a PE ratio of 60.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts forecast that Lam Research will post 9.32 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 23rd. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is presently 22.92%.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.