Lam Research (NASDAQ:LRCX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lam Research (NASDAQ:LRCX) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

LRCX has been the topic of a number of other reports. Rothschild & Co Redburn upped their price target on shares of Lam Research from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. HSBC set a $127.00 target price on Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. TD Cowen lifted their price target on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised Lam Research from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $150.00 in a research note on Monday, September 29th. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Lam Research Stock Performance

Shares of LRCX stock opened at $149.15 on Friday. The company has a market capitalization of $188.08 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 1.78 and a beta of 1.84. Lam Research has a 1-year low of $56.32 and a 1-year high of $153.70. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $111.48 and its 200-day simple moving average is $92.99.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 25.00%.

Institutional Trading of Lam Research

A number of hedge funds and other institutional investors have recently made changes to their positions in LRCX. Norges Bank bought a new stake in Lam Research during the 2nd quarter worth about $1,894,585,000. Vanguard Group Inc. grew its stake in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Nuveen LLC bought a new stake in shares of Lam Research during the first quarter valued at approximately $604,344,000. JPMorgan Chase & Co. increased its holdings in shares of Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock worth $417,242,000 after purchasing an additional 2,864,863 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.