Lam Research (NASDAQ:LRCX) Stock Price Down 2.1% – Here’s Why

Shares of Lam Research Corporation (NASDAQ:LRCX) were down 2.1% on Monday . The stock traded as low as $305.26 and last traded at $306.76. 8,056,542 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 11,344,513 shares. The stock had previously closed at $313.30.

Trending Headlines about Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts and Zacks both highlighted Lam Research’s upcoming earnings as likely to show growth, raising expectations for a potential beat and supporting the stock. Article Title
• Positive Sentiment: Wall Street’s generally bullish view on Lam Research suggests confidence in its business outlook, which can help investor sentiment ahead of earnings. Article Title
• Positive Sentiment: The semiconductor sector has been recovering as dip buyers return, helped by continued optimism around long-term AI infrastructure spending, which is lifting LRCX along with peers. Article Title
• Positive Sentiment: Lam Research’s participation in the AI Materials Foundry underscores its role in next-generation chip materials development and could improve its strategic positioning over time. Article Title
• Neutral Sentiment: Several articles framed Lam Research as a solid growth stock and a favored semiconductor name, reinforcing a constructive long-term view without adding a new near-term catalyst. Article Title
• Negative Sentiment: The stock also experienced recent weakness alongside the broader market, showing that investors remain sensitive to sector volatility and profit-taking ahead of major tech earnings. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LRCX shares. Bank of America upped their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Mizuho increased their price target on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Needham & Company LLC upped their target price on Lam Research from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $360.51.

Lam Research Stock Down 0.1%

The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $340.44 and its 200-day moving average price is $271.60. The company has a market cap of $402.24 billion, a P/E ratio of 60.60, a PEG ratio of 1.82 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the company posted $1.04 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. As a group, research analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the sale, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 104,621 shares of company stock valued at $33,804,737 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Lam Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LRCX. World Equity Group Inc. grew its position in Lam Research by 0.5% in the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after acquiring an additional 29 shares in the last quarter. Tenzing Financial LLC lifted its stake in shares of Lam Research by 3.5% in the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 34 shares during the last quarter. Gibraltar Capital Management Inc. lifted its stake in shares of Lam Research by 3.6% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock valued at $455,000 after purchasing an additional 36 shares during the last quarter. Elevated Financial Group LLC increased its position in Lam Research by 3.0% during the second quarter. Elevated Financial Group LLC now owns 1,223 shares of the semiconductor company’s stock worth $530,000 after buying an additional 36 shares during the last quarter. Finally, Valued Wealth Advisors LLC increased its position in Lam Research by 7.0% during the second quarter. Valued Wealth Advisors LLC now owns 630 shares of the semiconductor company’s stock worth $273,000 after buying an additional 41 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Company Profile

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.