Lam Research (NASDAQ:LRCX) Trading Up 1.3% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX)’s share price rose 1.3% during trading on Thursday . The stock traded as high as $302.00 and last traded at $299.15. Approximately 5,523,018 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 11,037,275 shares. The stock had previously closed at $295.44.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research’s latest quarter showed record revenue and EPS, reinforcing the idea that AI-related wafer fab and advanced packaging spending is translating into real business momentum. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
• Positive Sentiment: Wall Street has become increasingly constructive, with multiple analyst upgrades and higher price targets helping validate the stock’s rally. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
• Positive Sentiment: Additional bullish writeups argue Lam Research remains an attractive growth stock, citing strong fundamentals and long-term earnings potential. Lam Research (LRCX) is an Incredible Growth Stock: 3 Reasons Why
• Neutral Sentiment: Several articles simply reiterate that Wall Street’s average rating is bullish, but they do not add new fundamental information beyond the already positive analyst backdrop. Is It Worth Investing in Lam Research (LRCX) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Management’s upcoming conference appearances may keep investor attention on the stock, but this is not an immediate catalyst by itself. Lam Research Corporation Announces Participation at Upcoming Conferences

Wall Street Analysts Forecast Growth

LRCX has been the topic of several analyst reports. Oppenheimer reissued an “outperform” rating and issued a $330.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Jefferies Financial Group upped their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Argus upped their price target on Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. Seaport Research Partners began coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Evercore upped their price target on Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Twenty-six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $291.75.

Lam Research Price Performance

The firm has a 50 day moving average price of $243.36 and a 200 day moving average price of $209.17. The stock has a market cap of $374.11 billion, a P/E ratio of 56.44, a P/E/G ratio of 2.39 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts forecast that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the 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 sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by company insiders.

Institutional Trading of Lam Research

Several institutional investors have recently made changes to their positions in the business. Compound Planning Inc. grew its position in shares of Lam Research by 9.8% during the first quarter. Compound Planning Inc. now owns 17,153 shares of the semiconductor company’s stock worth $3,665,000 after purchasing an additional 1,529 shares in the last quarter. Klingman & Associates LLC grew its position in shares of Lam Research by 13.7% during the first quarter. Klingman & Associates LLC now owns 2,899 shares of the semiconductor company’s stock worth $619,000 after purchasing an additional 349 shares in the last quarter. Modern Wealth Management LLC grew its position in shares of Lam Research by 17.1% during the first quarter. Modern Wealth Management LLC now owns 5,016 shares of the semiconductor company’s stock worth $1,114,000 after purchasing an additional 734 shares in the last quarter. Keebeck Wealth Management grew its position in shares of Lam Research by 137.0% during the first quarter. Keebeck Wealth Management now owns 3,046 shares of the semiconductor company’s stock worth $651,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Lam Research during the first quarter worth about $1,996,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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.