Lam Research (NASDAQ:LRCX) Stock Price Down 6.2% – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX) fell 6.2% on Thursday . The stock traded as low as $138.30 and last traded at $139.59. 13,498,962 shares changed hands during trading, an increase of 14% from the average session volume of 11,848,491 shares. The stock had previously closed at $148.80.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LRCX shares. Rothschild & Co Redburn lifted their target price on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Morgan Stanley lifted their price objective on shares of Lam Research from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Wells Fargo & Company lifted their target price on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Berenberg Bank boosted their target price on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, New Street Research boosted their price target on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.04.

Lam Research Trading Down 6.2%

The company has a market capitalization of $175.33 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The business’s 50 day simple moving average is $143.18 and its 200 day simple moving average is $111.22.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

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

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares of the company’s stock, 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 at this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,608 shares of company stock valued at $14,916,496 in the last ninety days. 0.31% of the stock is owned by insiders.

Institutional Trading of Lam Research

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in Lam Research in the third quarter worth $26,000. Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $27,000. IMG Wealth Management Inc. acquired a new stake in Lam Research in the second quarter valued at $26,000. Howard Hughes Medical Institute bought a new stake in Lam Research in the 2nd quarter valued at $27,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Lam Research during the 3rd quarter worth about $41,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Company Profile

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.