Lam Research (NASDAQ:LRCX) Trading 1.4% Higher – Time to Buy?

Shares of Lam Research Corporation (NASDAQ:LRCX) were up 1.4% during trading on Tuesday . The company traded as high as $318.61 and last traded at $314.66. Approximately 5,014,254 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 11,134,807 shares. The stock had previously closed at $310.17.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LRCX shares. HSBC restated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. B. Riley Financial lowered their price target on Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Stifel Nicolaus raised their price target on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Lam Research in a report on Thursday, July 30th. Finally, Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $357.31.

Lam Research Stock Up 0.8%

The company has a market capitalization of $394.63 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The company’s fifty day moving average is $333.58 and its 200-day moving average is $288.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Institutional investors have recently bought and sold shares of the stock. HORAN Wealth LLC purchased a new stake in Lam Research in the 2nd quarter worth $270,000. Wellington Grp LLC increased its holdings in shares of Lam Research by 15.6% in the second quarter. Wellington Grp LLC now owns 7,632 shares of the semiconductor company’s stock worth $3,307,000 after purchasing an additional 1,032 shares during the last quarter. Brown Financial Advisors lifted its position in shares of Lam Research by 11.3% in the second quarter. Brown Financial Advisors now owns 6,727 shares of the semiconductor company’s stock worth $2,915,000 after buying an additional 683 shares in the last quarter. Advus Financial Partners LLC boosted its stake in Lam Research by 1.0% during the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after buying an additional 34 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Lam Research during the 2nd quarter valued at approximately $170,244,000. 84.61% of the stock is 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.