Lam Research Corporation (NASDAQ:LRCX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Lam Research Corporation (NASDAQ:LRCX) have received an average recommendation of “Moderate Buy” from the thirty-five research firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $147.2143.

A number of equities research analysts have recently commented on LRCX shares. Mizuho upped their target price on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup upped their target price on shares of Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. Finally, Susquehanna boosted their price target on shares of Lam Research from $135.00 to $200.00 and gave the stock a “positive” rating in a research note on Thursday.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MGO One Seven LLC increased its stake in shares of Lam Research by 110.3% during the third quarter. MGO One Seven LLC now owns 33,396 shares of the semiconductor company’s stock worth $4,472,000 after acquiring an additional 17,514 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Lam Research by 913.1% during the third quarter. Meeder Asset Management Inc. now owns 7,051 shares of the semiconductor company’s stock worth $944,000 after acquiring an additional 6,355 shares during the period. Citizens Financial Group Inc. RI grew its position in Lam Research by 12.9% during the third quarter. Citizens Financial Group Inc. RI now owns 17,500 shares of the semiconductor company’s stock worth $2,343,000 after buying an additional 1,993 shares during the period. Tema Etfs LLC grew its position in Lam Research by 120.9% during the third quarter. Tema Etfs LLC now owns 36,085 shares of the semiconductor company’s stock worth $4,832,000 after buying an additional 19,753 shares during the period. Finally, New York State Teachers Retirement System grew its position in Lam Research by 2.2% during the third quarter. New York State Teachers Retirement System now owns 1,067,446 shares of the semiconductor company’s stock worth $142,931,000 after buying an additional 22,631 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $151.68 on Friday. The company has a 50-day simple moving average of $123.23 and a 200-day simple moving average of $99.60. Lam Research has a one year low of $56.32 and a one year high of $153.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.55 and a current ratio of 2.21. The stock has a market capitalization of $191.27 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’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. On average, analysts predict that Lam Research will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

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.