Lam Research (NASDAQ:LRCX) Stock Price Down 1.7% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX) shares were down 1.7% during mid-day trading on Thursday . The stock traded as low as $154.92 and last traded at $157.09. Approximately 8,829,562 shares traded hands during trading, a decline of 25% from the average daily volume of 11,810,604 shares. The stock had previously closed at $159.75.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research analyst reports. HSBC set a $127.00 price objective on Lam Research and gave the company a “hold” rating in a research note on Tuesday, September 30th. B. Riley lifted their price target on shares of Lam Research from $160.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 20th. New Street Research increased their price objective on shares of Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. TD Cowen boosted their target price on shares of Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $152.87.

Lam Research Stock Up 1.0%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The firm’s 50 day moving average price is $150.02 and its two-hundred day moving average price is $117.12. The company has a market cap of $199.33 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 1.61 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping 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 analysts’ expectations of $5.23 billion. During the same period last year, the company posted $0.86 earnings per share. The business’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. Equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 102,608 shares of company stock worth $14,916,496. 0.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently added to or reduced their stakes in the stock. Sava Infond d.o.o. increased its position in Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after purchasing an additional 2,250 shares during the period. Horizon Bancorp Inc. IN bought a new stake in shares of Lam Research during the 2nd quarter valued at about $389,000. Empowered Funds LLC increased its position in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after buying an additional 17,833 shares during the period. Genus Capital Management Inc. bought a new position in Lam Research in the second quarter worth about $14,476,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in Lam Research in the first quarter worth about $607,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

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.