Lam Research Corporation (NASDAQ:LRCX – Get Free Report) Director Abhijit Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lam Research Stock Performance
Shares of NASDAQ LRCX traded up $16.63 during midday trading on Tuesday, hitting $346.55. 3,425,259 shares of the company’s stock were exchanged, compared to its average volume of 11,315,849. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The firm has a market cap of $433.39 billion, a P/E ratio of 65.44, a PEG ratio of 2.07 and a beta of 1.80. The stock’s 50 day moving average price is $336.33 and its 200-day moving average price is $265.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.
Lam Research (NASDAQ:LRCX – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts anticipate that Lam Research Corporation will post 5.68 EPS for the current year.
Lam Research Dividend Announcement
Institutional Trading of Lam Research
Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Lam Research in the 1st quarter valued at $239,000. Gabelli Funds LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $253,000. NewEdge Advisors LLC increased its stake in Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after buying an additional 781 shares during the period. 84.61% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
LRCX has been the topic of several research analyst reports. Rothschild & Co Redburn raised their target price on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. B. Riley Financial raised their price objective on shares of Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Zacks Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company restated an “overweight” rating and issued a $450.00 target price (up from $365.00) on shares of Lam Research in a research report on Monday, June 22nd. Finally, Susquehanna reiterated a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $350.81.
Read Our Latest Research Report on LRCX
About Lam Research
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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