Lam Research (NASDAQ:LRCX) Stock Price Up 4.9% – Here’s Why

Lam Research Corporation (NASDAQ:LRCX) shares shot up 4.9% on Tuesday . The company traded as high as $354.66 and last traded at $346.10. 10,240,658 shares were traded during trading, a decline of 10% from the average daily volume of 11,337,959 shares. The stock had previously closed at $329.92.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an “overweight” rating in a report on Monday, June 29th. New Street Research boosted their target price on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Stifel Nicolaus upped their price target on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Raymond James Financial set a $425.00 price target on Lam Research in a research report on Wednesday, June 10th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.67.

Lam Research Trading Down 3.2%

The company has a market cap of $405.94 billion, a price-to-earnings ratio of 60.83, a PEG ratio of 2.05 and a beta of 1.80. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $338.50 and its two-hundred day simple moving average is $267.63.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts predict that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

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

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This represents a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 104,621 shares of company stock worth $33,804,737. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lam Research

Several large investors have recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new stake in shares of Lam Research during the 4th quarter valued at $10,035,000. Generali Investments Management Co LLC raised its position in shares of Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after buying an additional 13,878 shares during the period. Krilogy Financial LLC raised its position in shares of Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after buying an additional 4,584 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Lam Research in the first quarter valued at $26,489,000. Finally, Whalen Wealth Management Inc. purchased a new stake in Lam Research during the fourth quarter valued at about $1,423,000. 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.