Lam Research (NASDAQ:LRCX) Stock Price Up 7% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shot up 7% during trading on Monday . The stock traded as high as $330.68 and last traded at $324.45. 11,411,820 shares were traded during trading, an increase of 6% from the average session volume of 10,783,759 shares. The stock had previously closed at $303.28.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent research reports. Barclays set a $275.00 price target on Lam Research and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. HSBC upped their price target on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Seaport Research Partners initiated coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Bank of America upped their price target on Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.30.

Lam Research Stock Performance

The company has a 50-day simple moving average of $273.22 and a two-hundred day simple moving average of $227.27. 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 firm has a market cap of $405.75 billion, a PE ratio of 61.22, a PEG ratio of 2.51 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction on 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 transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,839 shares of company stock worth $8,561,667 in the last ninety days. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealthquest Corp lifted its holdings in Lam Research by 5.3% during the 1st quarter. Wealthquest Corp now owns 4,041 shares of the semiconductor company’s stock worth $863,000 after purchasing an additional 205 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Lam Research by 7.6% during the 1st quarter. Parallel Advisors LLC now owns 20,591 shares of the semiconductor company’s stock worth $4,400,000 after purchasing an additional 1,461 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in Lam Research during the 1st quarter worth about $202,000. Financial Solutions Advisory Group Inc. purchased a new stake in Lam Research during the 1st quarter worth about $224,000. Finally, Keel Point LLC lifted its holdings in Lam Research by 4.6% during the 1st quarter. Keel Point LLC now owns 10,090 shares of the semiconductor company’s stock worth $2,156,000 after purchasing an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.