Lam Research (NASDAQ:LRCX) Stock Price Down 1.5% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX) traded down 1.5% during trading on Wednesday . The stock traded as low as $170.76 and last traded at $171.18. 4,909,810 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 11,692,003 shares. The stock had previously closed at $173.78.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LRCX shares. Susquehanna lifted their price objective on shares of Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a report on Thursday, October 23rd. Citigroup upped their price target on shares of Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group increased their price target on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Berenberg Bank boosted their target price on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.21.

Lam Research Stock Down 1.5%

The firm has a fifty day moving average price of $159.60 and a 200 day moving average price of $127.64. 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 firm has a market capitalization of $215.01 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 2.03 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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 return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the business posted $0.86 EPS. Lam Research’s 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. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a $0.26 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Buying and Selling

In other news, insider Ava Harter sold 9,010 shares of the stock in a transaction 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 completion of the transaction, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,608 shares of company stock valued at $14,916,496 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sava Infond d.o.o. increased its holdings in shares of 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 in the last quarter. Horizon Bancorp Inc. IN acquired a new stake in shares of Lam Research in the second quarter valued at approximately $389,000. Empowered Funds LLC raised its stake in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after purchasing an additional 17,833 shares during the period. Genus Capital Management Inc. purchased a new position in Lam Research in the second quarter worth approximately $14,476,000. Finally, Glass Wealth Management Co LLC increased its position in shares of Lam Research by 8.5% during the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after purchasing an additional 2,270 shares during the last quarter. 84.61% of the stock is owned by 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.