Lam Research (NASDAQ:LRCX) Trading 8.1% Higher – Here’s Why

Lam Research Corporation (NASDAQ:LRCX)’s share price shot up 8.1% during mid-day trading on Friday . The stock traded as high as $185.78 and last traded at $185.06. 11,846,531 shares traded hands during trading, an increase of 24% from the average session volume of 9,587,938 shares. The stock had previously closed at $171.18.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRCX. HSBC set a $127.00 target price on shares of Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Hsbc Global Res raised Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group boosted their target price on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $160.00 price target on Lam Research and gave the stock a “buy” rating in a report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $161.21.

Lam Research Stock Up 8.1%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The firm has a market capitalization of $232.44 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.14 and a beta of 1.77. The firm has a fifty day moving average price of $161.34 and a 200 day moving average price of $129.13.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. Lam Research’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 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 7th. Investors of record on Wednesday, December 3rd will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,608 shares of company stock worth $14,916,496 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of institutional investors have recently bought and sold shares of the company. Sava Infond d.o.o. raised its stake in Lam Research by 3.1% in the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after purchasing an additional 2,250 shares during the last quarter. Horizon Bancorp Inc. IN acquired a new stake in shares of Lam Research during the 2nd quarter worth about $389,000. Empowered Funds LLC grew its holdings in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares in the last quarter. Genus Capital Management Inc. purchased a new stake in shares of Lam Research during the second quarter worth about $14,476,000. Finally, Diversified Trust Co raised its position in shares of Lam Research by 34.4% in the third quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock valued at $4,274,000 after buying an additional 8,172 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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.