Lam Research Corporation (NASDAQ:LRCX) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Lam Research Corporation has received a consensus rating of "Moderate Buy" from 27 research firms, with 20 analysts recommending a buy and 7 suggesting a hold.
• The company's stock price target has been raised by several firms, with Mizuho setting the highest target at $130.00 after an increase from $120.00.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, surpassing estimates and achieved a revenue of $5.17 billion, which was higher than expected by analysts.

Lam Research Corporation (NASDAQ:LRCX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-seven research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $109.3913.

A number of equities analysts recently issued reports on LRCX shares. Needham & Company LLC lifted their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the company an "equal weight" rating in a report on Thursday, July 31st. Oppenheimer lifted their price target on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Mizuho lifted their price target on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, September 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after buying an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new position in shares of Lam Research during the first quarter valued at $201,000. Cookson Peirce & Co. Inc. purchased a new position in Lam Research in the first quarter valued at about $607,000. China Universal Asset Management Co. Ltd. grew its stake in Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after purchasing an additional 10,565 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in Lam Research by 47.8% in the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after purchasing an additional 39,414 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $132.20 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $166.71 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 1.63 and a beta of 1.76. The stock's fifty day simple moving average is $104.01 and its 200 day simple moving average is $88.78. Lam Research has a 52-week low of $56.32 and a 52-week high of $132.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts forecast that Lam Research will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio is presently 22.12%.

About Lam Research

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.