Lam Research (NASDAQ:LRCX) Trading Down 1.8% – Here’s What Happened

Shares of Lam Research Corporation (NASDAQ:LRCX) traded down 1.8% during mid-day trading on Wednesday . The company traded as low as $199.80 and last traded at $203.1750. 14,827,497 shares changed hands during trading, a decline of 4% from the average session volume of 15,458,458 shares. The stock had previously closed at $206.96.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Mizuho boosted their price target on shares of Lam Research from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Stifel Nicolaus set a $160.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Finally, Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.21.

Lam Research Trading Down 1.8%

The stock has a market capitalization of $255.19 billion, a PE ratio of 44.75, a P/E/G ratio of 2.25 and a beta of 1.77. The company’s 50 day moving average price is $163.12 and its two-hundred day moving average price is $130.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS 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 company 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. Lam Research’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, analysts expect that Lam Research Corporation will post 3.71 earnings per share 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 issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s payout ratio is currently 22.91%.

Insider Activity

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC lifted its stake in shares of Lam Research by 0.3% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after purchasing an additional 69 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in Lam Research by 0.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 70 shares during the period. Rosenberg Matthew Hamilton lifted its position in Lam Research by 8.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 939 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 70 shares during the last quarter. Hemington Wealth Management boosted its stake in Lam Research by 4.3% during the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after buying an additional 72 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in Lam Research by 0.3% during the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock worth $3,058,000 after buying an additional 76 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 (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.