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

Shares of Lam Research Corporation (NASDAQ:LRCX) have received a consensus rating of “Moderate Buy” from the thirty-four research firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $358.6733.

A number of brokerages recently issued reports on LRCX. BNP Paribas Exane upped their price target on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Barclays reissued an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Morgan Stanley upped their target price on shares of Lam Research from $331.00 to $404.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Jefferies Financial Group increased their target price on shares of Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $313.30 on Monday. The company has a market capitalization of $391.80 billion, a price-to-earnings ratio of 59.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The business has a 50-day moving average of $339.57 and a two-hundred day moving average of $269.60. Lam Research has a 1 year low of $90.93 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the prior year, the firm posted $1.04 EPS. The business’s quarterly 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. On average, analysts forecast that Lam Research will post 5.68 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This represents a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 104,621 shares of company stock worth $33,804,737. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lam Research

Several large investors have recently modified their holdings of LRCX. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in shares of Lam Research in the first quarter valued at about $239,000. Gabelli Funds LLC acquired a new stake in shares of Lam Research during the second quarter worth about $253,000. NewEdge Advisors LLC boosted its stake in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after buying an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. grew its holdings in shares of Lam Research by 5,206.7% during the second 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 last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

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.