Lam Research (NASDAQ:LRCX) Reaches New 1-Year High – Should You Buy?

Lam Research Corporation (NASDAQ:LRCX) shares hit a new 52-week high on Tuesday . The stock traded as high as $349.09 and last traded at $337.5430, with a volume of 2124800 shares changing hands. The stock had previously closed at $324.45.

Analyst Ratings Changes

LRCX has been the subject of several analyst reports. Mizuho set a $380.00 price target on shares of Lam Research and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $575.00 target price (up from $320.00) on shares of Lam Research in a research report on Monday, June 1st. Berenberg Bank lifted their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group lifted their target price on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $330.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $306.52.

Lam Research Stock Down 0.9%

The company’s 50 day moving average price is $275.48 and its two-hundred day moving average price is $228.55. The firm has a market cap of $402.01 billion, a PE ratio of 60.10, a PEG ratio of 2.51 and a beta of 1.85. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,839 shares of company stock worth $8,561,667. 0.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Lam Research in the fourth quarter worth $10,035,000. Generali Investments Management Co LLC increased its stake in shares of Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after acquiring an additional 13,878 shares during the period. Thoroughbred Financial Services LLC grew its position in Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock valued at $2,972,000 after buying an additional 11,883 shares during the period. Vanguard Group Inc. grew its position in Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after buying an additional 364,949 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Lam Research during the third quarter valued at $1,229,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.