Lam Research (NASDAQ:LRCX) Stock Price Up 1% – Should You Buy?

Lam Research Corporation (NASDAQ:LRCX)’s stock price shot up 1% on Tuesday . The stock traded as high as $152.80 and last traded at $151.93. 9,672,173 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 11,898,993 shares. The stock had previously closed at $150.38.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. BNP Paribas Exane increased their target price on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group lifted their price target on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Needham & Company LLC boosted their target price on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $152.17.

Lam Research Stock Performance

The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $144.80 and its 200 day moving average is $112.96. The stock has a market capitalization of $190.83 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Activity

In related news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,608 shares of company stock valued at $14,916,496 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several large investors have recently added to or reduced their stakes in the business. KERR FINANCIAL PLANNING Corp purchased a new stake in Lam Research in the 3rd quarter valued at about $69,000. Graybill Wealth Management LTD. purchased a new stake in Lam Research in the third quarter valued at approximately $213,000. CIBC Bancorp USA Inc. acquired a new position in Lam Research during the third quarter worth approximately $29,650,000. Ariadne Wealth Management LP boosted its holdings in shares of Lam Research by 14.9% in the 3rd quarter. Ariadne Wealth Management LP now owns 4,985 shares of the semiconductor company’s stock valued at $667,000 after purchasing an additional 645 shares during the last quarter. Finally, WBI Investments LLC grew its stake in shares of Lam Research by 114.3% during the 3rd quarter. WBI Investments LLC now owns 21,051 shares of the semiconductor company’s stock valued at $2,819,000 after buying an additional 11,226 shares during the period. 84.61% of the stock is currently 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.