Lam Research (NASDAQ:LRCX) Stock Price Down 4.3% – Time to Sell?

Lam Research Corporation (NASDAQ:LRCX)’s stock price traded down 4.3% during mid-day trading on Tuesday . The company traded as low as $157.71 and last traded at $159.18. 9,032,258 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 11,842,004 shares. The stock had previously closed at $166.37.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LRCX. Morgan Stanley raised their price target on shares of Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Berenberg Bank increased their price target on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Summit Insights lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Oppenheimer set a $200.00 target price on Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, BNP Paribas Exane increased 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. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.54.

Lam Research Stock Down 4.3%

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 moving average of $136.27 and a 200-day moving average of $107.57. The firm has a market cap of $199.93 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.23 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insiders Place Their Bets

In related news, 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 completion of the sale, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’s 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 transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,528 shares of company stock worth $8,880,448 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lam Research

A number of hedge funds have recently made changes to their positions in LRCX. Gilliland Jeter Wealth Management LLC lifted its stake in shares of Lam Research by 0.3% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after acquiring an additional 69 shares during the period. Gold Investment Management Ltd. raised its holdings in Lam Research by 0.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after purchasing an additional 70 shares during the last quarter. Hemington Wealth Management raised its holdings in Lam Research by 4.3% during the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 72 shares during the last quarter. Magnus Financial Group LLC lifted its position in Lam Research by 0.3% during the 3rd quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after purchasing an additional 76 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Lam Research by 2.8% during the third quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock worth $383,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Company Profile

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.