Lam Research (NASDAQ:LRCX) Shares Down 2.4% – Should You Sell?

Lam Research Corporation (NASDAQ:LRCX) shares fell 2.4% on Monday . The company traded as low as $273.08 and last traded at $277.96. 8,529,249 shares were traded during trading, a decline of 22% from the average session volume of 11,005,409 shares. The stock had previously closed at $284.72.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $320.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. Mizuho raised their price objective on Lam Research from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Oppenheimer reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. TD Cowen increased their target price on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.97.

Lam Research Stock Down 2.4%

The firm has a 50 day simple moving average of $246.23 and a two-hundred day simple moving average of $211.11. The stock has a market capitalization of $347.61 billion, a P/E ratio of 52.45, a PEG ratio of 2.36 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. Lam Research’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 120,066 shares of company stock valued at $27,953,242. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LRCX. PMV Capital Advisers LLC acquired a new position in Lam Research in the 4th quarter worth about $25,000. Stance Capital LLC acquired a new stake in shares of Lam Research during the third quarter valued at about $26,000. Bayban bought a new stake in shares of Lam Research during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research during the first quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of 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 buying an additional 85 shares during the period. 84.61% of the stock is currently 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.