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

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 target price (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. Hsbc Global Res raised Lam Research to a “hold” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price objective on Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. B. Riley increased their target price on Lam Research from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.21.

Lam Research Stock Performance

The stock has a market capitalization of $255.19 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $163.12 and a 200-day moving average of $130.94.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (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 for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the company earned $0.86 EPS. Lam Research’s revenue for the quarter was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, December 3rd. Lam Research’s payout ratio is 22.91%.

Insider Activity

In related news, 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 transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LRCX. Stance Capital LLC acquired a new position in Lam Research in the third quarter valued at approximately $26,000. Triumph Capital Management purchased a new stake in shares of Lam Research during the 3rd quarter worth approximately $27,000. Harbor Investment Advisory LLC boosted its holdings in shares of Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 102 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in shares of Lam Research in the 2nd quarter valued at $26,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of Lam Research in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.