Lam Research (NASDAQ:LRCX) Price Target Raised to $137.00

Lam Research (NASDAQ:LRCX) had its price objective lifted by Morgan Stanley from $125.00 to $137.00 in a report published on Thursday morning, MarketBeat.com reports. Morgan Stanley currently has an equal weight rating on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on LRCX. Needham & Company LLC raised their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Rothschild & Co Redburn raised their target price on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Raymond James Financial raised their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. TD Cowen raised their target price on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Lam Research Stock Up 2.8%

Shares of NASDAQ LRCX opened at $151.68 on Thursday. 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 current ratio of 2.21 and a quick ratio of 1.55. The firm’s 50 day simple moving average is $123.23 and its two-hundred day simple moving average is $99.87. The stock has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.81 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts expect that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

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

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the 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 sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Lam Research

Several institutional investors have recently bought and sold shares of LRCX. Empowered Funds LLC increased its holdings in Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after buying an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc bought a new stake in Lam Research in the 1st quarter worth about $201,000. Cookson Peirce & Co. Inc. bought a new stake in Lam Research in the 1st quarter worth about $607,000. China Universal Asset Management Co. Ltd. increased its holdings in Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock worth $3,607,000 after buying an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC increased its holdings in Lam Research by 8.5% in the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after buying an additional 2,270 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

About Lam Research

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.