Lam Research (NASDAQ:LRCX) Trading Up 5.4% After Analyst Upgrade

Shares of Lam Research Corporation (NASDAQ:LRCX) traded up 5.4% during mid-day trading on Monday after Sanford C. Bernstein raised their price target on the stock from $170.00 to $175.00. Sanford C. Bernstein currently has an outperform rating on the stock. Lam Research traded as high as $152.56 and last traded at $150.38. 22,978,689 shares changed hands during trading, an increase of 93% from the average session volume of 11,906,501 shares. The stock had previously closed at $142.65.

Other equities research analysts have also recently issued reports about the company. Rothschild & Co Redburn increased their price target on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. B. Riley upped their price objective on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 20th. TD Cowen increased their price objective on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Raymond James Financial boosted their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Cowen restated a “buy” rating on shares of Lam Research in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.84.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 9,010 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,608 shares of company stock worth $14,916,496 over the last ninety days. 0.31% of the stock is owned by insiders.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Graybill Wealth Management LTD. purchased a new stake in Lam Research in the 3rd quarter worth approximately $213,000. CIBC Bancorp USA Inc. purchased a new position in shares of Lam Research during the 3rd quarter valued at approximately $29,650,000. Ariadne Wealth Management LP lifted its stake in shares of Lam Research by 14.9% in the 3rd quarter. Ariadne Wealth Management LP now owns 4,985 shares of the semiconductor company’s stock valued at $667,000 after purchasing an additional 645 shares during the period. WBI Investments LLC boosted its holdings in Lam Research by 114.3% during the third quarter. WBI Investments LLC now owns 21,051 shares of the semiconductor company’s stock worth $2,819,000 after buying an additional 11,226 shares in the last quarter. Finally, Portus Wealth Advisors LLC acquired a new stake in Lam Research during the third quarter valued at $1,658,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 5.4%

The business’s fifty day simple moving average is $144.17 and its two-hundred day simple moving average is $112.43. The company has a market cap of $188.88 billion, a PE ratio of 33.12, a PEG ratio of 1.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s payout ratio is 22.91%.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.