Lam Research (NASDAQ:LRCX) Stock Price Down 1.1% – Here’s Why

Lam Research Corporation (NASDAQ:LRCX) shares fell 1.1% during trading on Monday . The company traded as low as $237.37 and last traded at $242.27. 9,401,059 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 12,707,510 shares. The stock had previously closed at $244.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LRCX shares. Citic Securities upped their target price on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. The Goldman Sachs Group set a $262.00 price objective on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, January 29th. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.88.

Lam Research Stock Performance

The stock’s 50-day moving average price is $209.11 and its 200-day moving average price is $160.75. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $302.54 billion, a P/E ratio of 49.65, a P/E/G ratio of 2.63 and a beta of 1.78.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s payout ratio is currently 21.31%.

Insider Buying and Selling

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

Institutional Trading of Lam Research

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after purchasing an additional 364,949 shares during the last quarter. State Street Corp grew its holdings in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares in the last quarter. JPMorgan Chase & Co. increased its position in Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after acquiring an additional 5,102,589 shares during the period. Geode Capital Management LLC increased its position in Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after acquiring an additional 1,135,405 shares during the period. Finally, Invesco Ltd. raised its stake in Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.