Lam Research (NASDAQ:LRCX) Stock Price Down 1.2% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX)’s share price dropped 1.2% during mid-day trading on Monday . The stock traded as low as $227.23 and last traded at $231.00. Approximately 10,244,323 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 12,442,629 shares. The stock had previously closed at $233.89.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent research reports. Mizuho set a $265.00 target price on shares of Lam Research in a report on Wednesday, January 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $320.00 price target (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. Barclays set a $250.00 price target on Lam Research in a report on Thursday, January 29th. UBS Group set a $300.00 price objective on shares of Lam Research in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $290.00 target price (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $245.19.

Lam Research Price Performance

The company has a market cap of $288.47 billion, a P/E ratio of 47.34, a P/E/G ratio of 2.52 and a beta of 1.77. The company’s 50-day moving average price is $216.90 and its two-hundred day moving average price is $165.64. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio is 21.31%.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LRCX. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP bought a new stake in shares of Lam Research in the 1st quarter worth approximately $239,000. Ignite Planners LLC boosted its position in Lam Research by 32.8% during the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock valued at $520,000 after purchasing an additional 1,277 shares during the period. World Investment Advisors boosted its position in Lam Research by 126.0% during the 2nd quarter. World Investment Advisors now owns 11,943 shares of the semiconductor company’s stock valued at $1,163,000 after purchasing an additional 6,658 shares during the period. Finally, Mesirow Financial Investment Management Inc. bought a new position in Lam Research during the 2nd quarter worth $234,000. 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.