Lam Research Corporation (NASDAQ:LRCX - Get Free Report) shot up 3.6% during trading on Thursday . The company traded as high as $128.70 and last traded at $126.32. 13,688,989 shares were traded during trading, an increase of 15% from the average session volume of 11,883,166 shares. The stock had previously closed at $121.90.
Analyst Upgrades and Downgrades
A number of research firms recently commented on LRCX. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Citigroup lifted their price target on shares of Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Cantor Fitzgerald lifted their price target on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Finally, Needham & Company LLC lifted their price target on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.96.
View Our Latest Stock Report on LRCX
Lam Research Stock Up 3.6%
The business's 50 day simple moving average is $102.35 and its 200-day simple moving average is $87.57. The company has a market cap of $159.29 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.
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, beating analysts' consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion during 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 company's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.
Lam Research Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. 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. Lam Research's dividend payout ratio (DPR) is presently 25.00%.
Institutional Investors Weigh In On Lam Research
Several institutional investors and hedge funds have recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research in the 2nd quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at $27,000. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research in the 2nd quarter valued at $27,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Lam Research during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 84.61% of the company's stock.
About Lam Research
(
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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