Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s share price rose 10.4% during trading on Monday. The stock traded as high as $222.64 and last traded at $221.31. 16,664,496 shares traded hands during trading, an increase of 52% from the average daily volume of 10,967,746 shares. The stock had previously closed at $200.44.
Key Headlines Impacting Lam Research
Here are a few of the latest headlines about LRCX:
- Positive Sentiment: ETFs bought a net $231.4 million of Lam Research shares on Monday, with 45 funds buying and 23 selling—a notable source of demand. Article: ETFs Bought $231.4 Million of Lam Research (LRCX) on Monday
- Positive Sentiment: Lam reported a record 52.4% gross margin in Q1 2027, supported by strong demand and a favorable product mix. That profitability improvement could bolster investor confidence. Article: Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
- Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations. The role is strategically important given the company’s ties to major chipmakers in the region, though the report does not indicate an immediate financial impact. Article: Lam Research Names Kim Tae Won To Lead Korea Operations
Analysts Set New Price Targets
A number of analysts recently issued reports on LRCX shares. Needham & Company LLC reduced their price objective on Lam Research from $390.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Evercore set a $315.00 price target on Lam Research in a report on Tuesday, October 20th. Citigroup reaffirmed a “buy” rating and set a $435.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, October 22nd. Finally, B. Riley Financial reduced their target price on shares of Lam Research from $338.00 to $310.00 and set a “buy” rating for the company in a research note on Monday. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $357.57.
Get Our Latest Research Report on Lam Research
Lam Research Stock Up 6.1%
The firm has a market capitalization of $294.65 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48. The business’s 50 day moving average is $281.18 and its 200-day moving average is $283.65.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. The company had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Equities analysts anticipate that Lam Research Corporation will post 9.60 EPS for the current fiscal year.
Lam Research Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is presently 19.67%.
Lam Research declared that its Board of Directors has initiated a share buyback program on Thursday, November 5th that authorizes the company to buy back $25 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9% of its shares through open market purchases. Share buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Insider Buying and Selling at Lam Research
In other news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,573 shares of company stock worth $4,523,606 over the last 90 days. Company insiders own 0.31% of the company’s stock.
Hedge Funds Weigh In On Lam Research
Hedge funds have recently made changes to their positions in the business. William Mack & Associates Inc. bought a new position in Lam Research during the third quarter worth about $25,000. Paladin Partners LLC bought a new position in shares of Lam Research during the second quarter valued at $26,000. Quintet Private Bank Europe S.A. boosted its stake in shares of Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Dakota Community Bank & Trust NA bought a new stake in shares of Lam Research in the 3rd quarter worth about $33,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Lam Research during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 84.61% of the company’s stock.
About Lam Research
Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.
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