Lam Research (NASDAQ:LRCX) Shares Down 1.2% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX) shares dropped 1.2% during trading on Monday . The company traded as low as $174.75 and last traded at $175.87. Approximately 6,113,806 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 11,741,299 shares. The stock had previously closed at $178.07.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRCX. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Wells Fargo & Company upped their price target on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Sanford C. Bernstein increased their price objective on shares of Lam Research from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Evercore ISI raised their price objective on shares of Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Twenty-six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $161.21.

Lam Research Stock Performance

The stock’s 50-day moving average price is $158.39 and its 200-day moving average price is $126.45. 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 company has a market capitalization of $220.90 billion, a P/E ratio of 38.74, a P/E/G ratio of 2.06 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter 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. As a group, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction dated 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 sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is owned by company insiders.

Institutional Trading of Lam Research

Several hedge funds have recently added to or reduced their stakes in LRCX. Triumph Capital Management bought a new stake in shares of Lam Research during the third quarter valued at about $27,000. Sherman Porfolios LLC acquired a new position in Lam Research during the 3rd quarter valued at about $237,000. AIA Group Ltd raised its position in shares of Lam Research by 197.6% during the 3rd quarter. AIA Group Ltd now owns 32,857 shares of the semiconductor company’s stock worth $4,400,000 after buying an additional 21,818 shares in the last quarter. Keel Point LLC lifted its stake in shares of Lam Research by 4.9% in the 3rd quarter. Keel Point LLC now owns 8,593 shares of the semiconductor company’s stock worth $1,151,000 after acquiring an additional 399 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in shares of Lam Research by 830.5% in the third quarter. FNY Investment Advisers LLC now owns 9,947 shares of the semiconductor company’s stock valued at $1,331,000 after acquiring an additional 8,878 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

About Lam Research

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.