Key Points
- SVP Neil Fernandes sold 18,170 shares on May 1 at an average price of $255.14 for about $4.636 million, cutting his stake by 21.55% to 66,129 shares; the trade was executed under a pre‑arranged Rule 10b5‑1 plan.
- Lam Research reported a strong quarter on April 22, beating EPS estimates ($1.47 vs. $1.36) with revenue of $5.84 billion (up 23.8% YoY) and set Q4 2026 guidance of $1.50–$1.80 EPS, while sell‑side consensus is a "Moderate Buy" with a $285.94 target.
- Shares trade near recent highs (52‑week high $275.84) with a market cap of $323.36 billion and a PE of 48.79, and the company pays a $0.26 quarterly dividend (annualized $1.04, ~0.4% yield).
Lam Research Corporation (NASDAQ:LRCX - Get Free Report) SVP Neil Fernandes sold 18,170 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the sale, the senior vice president directly owned 66,129 shares of the company's stock, valued at $16,872,153.06. The trade was a 21.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lam Research Stock Performance
Shares of LRCX opened at $258.57 on Tuesday. The firm has a market capitalization of $323.36 billion, a PE ratio of 48.79, a P/E/G ratio of 2.12 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $236.37 and a 200 day moving average price of $201.94. Lam Research Corporation has a 52-week low of $72.59 and a 52-week high of $275.84.
Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research's revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.
Lam Research Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research's payout ratio is presently 19.62%.
Institutional Investors Weigh In On Lam Research
Several large investors have recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at $25,000. Stance Capital LLC purchased a new position in Lam Research in the 3rd quarter worth about $26,000. Bayban purchased a new position in Lam Research in the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. acquired a new stake in Lam Research during the 1st quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC raised its holdings in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after buying an additional 85 shares during the period. 84.61% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Evercore increased their price target on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Zacks Research lowered Lam Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company lifted their target price on Lam Research from $290.00 to $320.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn boosted their price target on shares of Lam Research from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Twenty-six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $285.94.
View Our Latest Report on LRCX
Lam Research Company Profile
(
Get Free Report)
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.
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