Key Points
- Director Bethany Mayer sold 9,557 Lam Research shares for approximately $3.0 million at an average price of $314.74, reducing her direct holdings by 31.28% to 20,995 shares.
- Lam Research exceeded quarterly expectations with $1.82 EPS and $6.72 billion in revenue, while revenue increased 30% year over year. The company also raised its quarterly dividend to $0.33 from $0.26.
- Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $361.81, compared with a recent share price of $298.01.
Lam Research Corporation (NASDAQ:LRCX - Get Free Report) Director Bethany Mayer sold 9,557 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director directly owned 20,995 shares of the company's stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Lam Research Price Performance
Shares of NASDAQ:LRCX opened at $298.01 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. Lam Research Corporation has a 52 week low of $108.29 and a 52 week high of $438.50. The firm has a market cap of $372.91 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 1.25 and a beta of 1.85. The firm's fifty day moving average is $314.44 and its 200-day moving average is $293.79.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 9.33 earnings per share for the current year.
Lam Research Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a $0.33 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research's dividend payout ratio is presently 18.06%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on LRCX shares. Oppenheimer restated an "outperform" rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $320.00 target price on shares of Lam Research in a report on Thursday, July 30th. Weiss Ratings lowered shares of Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. HSBC restated a "hold" rating and set a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. Finally, Barclays reaffirmed an "overweight" rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $361.81.
Read Our Latest Analysis on LRCX
Trending Headlines about Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Industry forecasts point to strong demand for wafer-fabrication equipment. Spending is projected to increase 16.9% to $135.2 billion in 2026, while DRAM and NAND investment is expected to grow faster as artificial-intelligence workloads drive demand for high-bandwidth memory, advanced DRAM and enterprise storage. Lam Research is viewed as having particularly strong exposure to the memory recovery. 3 Chip Equipment Stocks Set to Win the Memory Boom
- Positive Sentiment: Lam Research returned $5.12 billion to shareholders in fiscal 2026 through buybacks and dividends, including a 27% dividend increase. Strong earnings and capital returns remain supportive for long-term investors. Lam Research Returns $5B+ to Shareholders in FY26
- Positive Sentiment: Recent conference coverage and analyst commentary continue to emphasize Lam Research’s competitive positioning, memory exposure and wide economic moat. Its latest reported quarter also exceeded consensus estimates for earnings and revenue, with revenue up 30% year over year.
- Neutral Sentiment: Reported September short interest was zero shares, implying no meaningful short-selling pressure. However, the data appears unreliable because it shows no change from the prior period and a zero days-to-cover ratio.
- Neutral Sentiment: Several reports describe clinical studies involving “Lam Research,” but these appear unrelated to the semiconductor-equipment company and should not be treated as LRCX news.
- Negative Sentiment: Director Bethany Mayer sold 9,557 shares for approximately $3.0 million, reducing her holdings by 31.28%. The transaction may weigh modestly on sentiment, although a single insider sale is not necessarily evidence of deteriorating fundamentals. SEC insider transaction filing
Institutional Trading of Lam Research
Large investors have recently modified their holdings of the stock. Paladin Partners LLC acquired a new position in shares of Lam Research during the 2nd quarter valued at $26,000. Bravera Wealth bought a new stake in Lam Research in the second quarter valued at $46,000. Cedar Mountain Advisors LLC increased its stake in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Lam Research during the second quarter valued at about $52,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research during the first quarter valued at about $26,000. Institutional investors and hedge funds own 84.61% of the company's stock.
Lam Research Company Profile
(
Get Free Report)
Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.
The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.
Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.
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