Lam Research (NASDAQ:LRCX) Sets New 1-Year High – Here’s Why

Lam Research Corporation (NASDAQ:LRCX)’s share price reached a new 52-week high on Friday . The stock traded as high as $180.32 and last traded at $181.7450, with a volume of 801055 shares traded. The stock had previously closed at $171.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $160.00 target price on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, October 23rd. B. Riley increased their target price on shares of Lam Research from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a report on Monday. Evercore ISI boosted their price objective on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, HSBC set a $127.00 target price on shares of Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.21.

Lam Research Price Performance

The stock’s 50 day moving average price is $160.67 and its 200-day moving average price is $128.24. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $229.62 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 1.98 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter 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, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. Lam Research’s dividend payout ratio is currently 22.91%.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction that occurred 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 sale, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s 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 transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 102,608 shares of company stock worth $14,916,496. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of Lam Research during the 2nd quarter worth about $26,000. Stance Capital LLC purchased a new position in Lam Research during the 3rd quarter worth $26,000. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research during the 2nd quarter valued at approximately $27,000. Triumph Capital Management acquired a new stake in Lam Research in the 3rd quarter worth about $27,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Lam Research in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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.