Lam Research Corporation (NASDAQ:LRCX - Get Free Report) 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 completion of the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Lam Research Trading Up 2.0%
NASDAQ:LRCX traded up $2.75 on Tuesday, reaching $140.56. The stock had a trading volume of 4,448,389 shares, compared to its average volume of 11,942,202. The company has a market cap of $177.25 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 1.60 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm's fifty day moving average is $115.59 and its two-hundred day moving average is $95.18. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70.
Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.
Lam Research Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is currently 25.00%.
Analyst Upgrades and Downgrades
LRCX has been the subject of a number of research analyst reports. Cantor Fitzgerald upped their price objective on shares of Lam Research from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on shares of Lam Research from $115.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Oppenheimer upped their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Argus increased their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Hsbc Global Res raised shares of Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $123.80.
Read Our Latest Analysis on Lam Research
Institutional Trading of Lam Research
Several large investors have recently bought and sold shares of LRCX. Brighton Jones LLC grew its position 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 acquiring an additional 12,936 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Lam Research by 21.5% during the 1st quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company's stock valued at $2,138,000 after buying an additional 5,213 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lam Research by 14.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 300,193 shares of the semiconductor company's stock valued at $21,824,000 after buying an additional 36,825 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Lam Research during the 1st quarter valued at approximately $45,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Lam Research by 8.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 14,308 shares of the semiconductor company's stock valued at $1,040,000 after buying an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.
Lam Research Company Profile
(
Get Free Report)
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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