Shares of Lam Research Corporation (NASDAQ:LRCX - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $120.97 and last traded at $120.47, with a volume of 9895238 shares. The stock had previously closed at $119.21.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. B. Riley restated a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Mizuho raised their target price on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $107.96.
View Our Latest Research Report on Lam Research
Lam Research Stock Performance
The firm has a 50 day simple moving average of $103.36 and a 200-day simple moving average of $88.26. 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 company has a market cap of $160.05 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.62 and a beta of 1.76.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during 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 firm's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.
Lam Research Increases Dividend
The company 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 $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost 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%. Lam Research's payout ratio is presently 22.12%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of LRCX. Watts Gwilliam & Co. LLC purchased a new stake in Lam Research during the 2nd quarter worth about $238,000. Valeo Financial Advisors LLC lifted its holdings in Lam Research by 5.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 16,174 shares of the semiconductor company's stock worth $1,597,000 after buying an additional 873 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in Lam Research during the 2nd quarter worth about $60,000. Cypress Capital Advisors LLC lifted its holdings in Lam Research by 4.7% during the 2nd quarter. Cypress Capital Advisors LLC now owns 8,384 shares of the semiconductor company's stock worth $816,000 after buying an additional 374 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in Lam Research by 3.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 60,378 shares of the semiconductor company's stock worth $5,877,000 after buying an additional 2,274 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
About Lam Research
(
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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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