Lam Research (NASDAQ:LRCX) Shares Gap Down – Time to Sell?

Shares of Lam Research Corporation (NASDAQ:LRCX) gapped down prior to trading on Tuesday . The stock had previously closed at $409.54, but opened at $369.71. Lam Research shares last traded at $372.8440, with a volume of 2,254,104 shares.

Lam Research News Roundup

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Bank of America raised its price target on Lam Research to $480 from $330 and kept a Buy rating, signaling confidence in further upside. Bank of America raises Lam Research price target
• Positive Sentiment: Earlier analyst actions from UBS and Cantor Fitzgerald also boosted targets and maintained bullish ratings, adding to momentum behind the stock. Cantor Fitzgerald lifts PT on Lam Research Corporation (LRCX)
• Positive Sentiment: Coverage highlighted strong AI infrastructure and memory-packaging demand, which investors are viewing as a long-term growth tailwind for Lam Research. Lam Research Stock Is Up 114% So Far in 2026
• Neutral Sentiment: One article noted that the stock has already had a huge run, which may keep some investors cautious about valuation even as the growth story improves. Lam Research Put Options Short Play

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Cantor Fitzgerald set a $425.00 price objective on Lam Research and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Finally, TD Cowen upped their price objective on shares of Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $334.43.

Lam Research Stock Performance

The stock’s 50-day moving average price is $304.76 and its 200 day moving average price is $243.95. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $459.07 billion, a P/E ratio of 69.33, a price-to-earnings-growth ratio of 3.21 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the prior year, the firm earned $1.04 EPS. Lam Research’s quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts expect that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is 19.62%.

Insider Activity

In other news, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fideuram Asset Management Ireland dac acquired a new position in Lam Research in the 4th quarter worth about $10,035,000. Generali Investments Management Co LLC boosted its stake in shares of Lam Research by 62.0% during the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after purchasing an additional 13,878 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after purchasing an additional 11,883 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Lam Research during the third quarter worth about $1,229,000. Finally, Whalen Wealth Management Inc. acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $1,423,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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.