Lam Research (NASDAQ:LRCX) Shares Up 6.3% – What’s Next?

Shares of Lam Research Corporation (NASDAQ:LRCX) rose 6.3% on Tuesday . The company traded as high as $210.45 and last traded at $206.96. Approximately 18,577,561 shares changed hands during trading, an increase of 19% from the average daily volume of 15,592,898 shares. The stock had previously closed at $194.76.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LRCX shares. Citigroup raised their price objective on shares of Lam Research from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. TD Cowen increased their target price on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Dbs Bank raised their price target on shares of Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Finally, The Goldman Sachs Group increased their price objective on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.21.

Lam Research Price Performance

The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $162.10 and its 200-day moving average price is $130.12. The stock has a market cap of $259.95 billion, a P/E ratio of 45.59, a PEG ratio of 2.14 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Analysts forecast 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. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Insiders Place Their Bets

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. The trade was a 44.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% 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 valued at $14,916,496 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

A number of institutional investors have recently bought and sold shares of LRCX. IMG Wealth Management Inc. purchased a new position in shares of Lam Research during the 2nd quarter worth approximately $26,000. Stance Capital LLC bought a new stake in shares of Lam Research during the third quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new stake in Lam Research in the second quarter worth $27,000. Triumph Capital Management bought a new position in Lam Research in the third quarter worth $27,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Lam Research in the second quarter worth $29,000. 84.61% of the stock is owned by 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.