Lam Research (NASDAQ:LRCX) Stock Price Up 1.4% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX)’s stock price traded up 1.4% during trading on Wednesday. The company traded as high as $330.50 and last traded at $328.51. 7,609,774 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 10,828,213 shares. The stock had previously closed at $323.86.

Analyst Ratings Changes

A number of brokerages recently commented on LRCX. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn lifted their price target on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the company an “overweight” rating in a report on Monday, June 29th. Citigroup restated a “buy” rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Finally, Bank of America lifted their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $361.81.

Lam Research Price Performance

The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market cap of $411.11 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 1.25 and a beta of 1.85. The stock has a fifty day simple moving average of $304.67 and a two-hundred day simple moving average of $300.20.

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

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a $0.33 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 32,839 shares of company stock worth $10,644,740. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after buying an additional 1,545,830 shares during the last quarter. Bank of America Corp DE boosted its holdings in Lam Research by 5.5% in the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares during the last quarter. Van ECK Associates Corp grew its position in Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares during the period. Invesco Ltd. increased its stake in Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after acquiring an additional 1,638,406 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Lam Research during the 2nd quarter worth about $3,777,585,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.