Lam Research (NASDAQ:LRCX) Stock Price Down 1.7% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX) was down 1.7% during trading on Thursday . The stock traded as low as $160.19 and last traded at $162.19. Approximately 9,593,920 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 11,863,777 shares. The stock had previously closed at $165.05.

Analysts Set New Price Targets

Several research analysts have recently commented on LRCX shares. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. UBS Group set a $165.00 target price on Lam Research and gave the company a “buy” rating in a research note on Thursday, October 23rd. BNP Paribas Exane lifted their target price on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, New Street Research lifted their target price on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.54.

Lam Research Trading Down 1.7%

The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $132.60 and a 200-day simple moving average of $105.25. The firm has a market cap of $203.72 billion, a P/E ratio of 35.72, a P/E/G ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 24th. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is currently 22.91%.

Insider Buying and Selling

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,498 shares of company stock worth $8,875,663 over the last three months. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Lam Research

Several hedge funds have recently made changes to their positions in the company. Omnia Family Wealth LLC purchased a new stake in shares of Lam Research in the 3rd quarter worth $252,000. Ameritas Advisory Services LLC purchased a new stake in shares of Lam Research in the 3rd quarter worth $110,000. Columbia Bank lifted its holdings in shares of Lam Research by 0.5% in the 3rd quarter. Columbia Bank now owns 44,842 shares of the semiconductor company’s stock worth $6,492,000 after buying an additional 242 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Lam Research in the 3rd quarter worth $162,000. Finally, Assetmark Inc. lifted its holdings in shares of Lam Research by 5.3% in the 3rd quarter. Assetmark Inc. now owns 284,257 shares of the semiconductor company’s stock worth $38,062,000 after buying an additional 14,320 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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.