Lam Research Corporation (NASDAQ:LRCX – Get Free Report) shares rose 4.2% during mid-day trading on Tuesday . The stock traded as high as $321.77 and last traded at $320.42. Approximately 8,664,677 shares traded hands during trading, a decline of 21% from the average session volume of 10,899,726 shares. The stock had previously closed at $307.65.
Trending Headlines about Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research is positioned to benefit from the memory-chip investment cycle. Global wafer-fabrication-equipment spending is projected to increase 16.9% to $135.2 billion in 2026, with DRAM and NAND spending supported by demand for HBM, advanced memory and enterprise storage. Lam is described as having the greatest memory exposure among several major equipment suppliers. 3 Chip Equipment Stocks Set to Win the Memory Boom
- Positive Sentiment: The company returned $5.12 billion to shareholders in fiscal 2026 through repurchases and dividends, including a 27% dividend increase. Strong earnings and capital returns may support investor confidence. Lam Research Returns $5B+ to Shareholders in FY26
- Positive Sentiment: Analyst commentary continues to highlight Lam Research’s competitive advantages and long-term positioning, with the company included among wide-moat stocks. Its latest reported quarter also exceeded earnings and revenue expectations, with revenue up 30% year over year.
- Neutral Sentiment: Recent conference and investor-letter coverage points to macroeconomic volatility, inflation concerns and uncertainty surrounding Federal Reserve policy and leadership. These factors could contribute to choppy trading across high-beta technology stocks.
- Neutral Sentiment: Several articles describe clinical studies involving aesthetic surgery, imaging or vein health that appear unrelated to Lam Research’s semiconductor-equipment business and are likely erroneous or misattributed. They do not provide a meaningful investment catalyst for LRCX.
- Negative Sentiment: Director Bethany Mayer sold 9,557 shares for approximately $3.0 million at an average price of $314.74, reducing her ownership by 31.28%. While a single insider sale does not establish a fundamental problem, it can weigh on sentiment and encourage profit-taking.
- Negative Sentiment: The stock also recently underperformed the broader market, suggesting investors may be taking profits or reducing exposure to richly valued semiconductor shares. Lam Research trades at roughly 52 times earnings, leaving the stock sensitive to changes in growth expectations and market risk appetite.
Wall Street Analyst Weigh In
LRCX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $390.00 target price on shares of Lam Research in a research note on Thursday, July 30th. Citigroup reiterated a “buy” rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays reissued an “overweight” rating and issued a $335.00 price target (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.81.
Lam Research Price Performance
The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a market cap of $372.91 billion, a P/E ratio of 51.74, a P/E/G ratio of 1.27 and a beta of 1.85. The company’s 50 day simple moving average is $315.51 and its 200 day simple moving average is $293.41.
Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current year.
Lam Research Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. Lam Research’s payout ratio is presently 18.06%.
Insider Transactions at Lam Research
In other news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was 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 of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,839 shares of company stock valued at $10,644,740 over the last 90 days. 0.31% of the stock is owned by company insiders.
Institutional Investors Weigh In On Lam Research
Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in Lam Research by 42,619.5% in the 2nd quarter. California State Teachers Retirement System now owns 821,470,614 shares of the semiconductor company’s stock valued at $355,967,861,000 after buying an additional 819,547,672 shares during the last quarter. Norges Bank acquired a new stake in shares of Lam Research in the fourth quarter valued at about $3,645,427,000. Price T Rowe Associates Inc. MD increased its position in shares of Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares during the last quarter. Van ECK Associates Corp raised its holdings in Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Lam Research during the second quarter worth about $3,777,585,000. Institutional investors own 84.61% of the company’s stock.
Lam Research Company Profile
Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.
The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.
Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.
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