Lam Research Corporation (NASDAQ:LRCX – Get Free Report) fell 5% during trading on Tuesday following insider selling activity. The stock traded as low as $368.77 and last traded at $369.34. 11,831,504 shares changed hands during trading, an increase of 9% from the average session volume of 10,869,493 shares. The stock had previously closed at $388.92.
Specifically, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Bank of America lifted their price objective on Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Evercore raised their price objective on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Raymond James Financial set a $425.00 price objective on Lam Research in a research note on Wednesday, June 10th. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald set a $425.00 target price on Lam Research and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Twenty-eight investment 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, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $324.26.
Key Headlines Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Several recent articles highlight Lam Research’s growth profile, with commentary pointing to strong earnings momentum, a favorable outlook, and meaningful upside potential over the next few years. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
- Positive Sentiment: Lam Research’s advanced packaging business is gaining traction as AI chip demand boosts spending on etch and deposition tools, which could become an important growth catalyst. Lam Research Expects Packaging Growth of 50: Is It a Hidden Catalyst?
- Positive Sentiment: The broader semiconductor rally is helping LRCX, with chip ETFs and several semiconductor names breaking to new highs as investors rotate back into the sector. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
- Positive Sentiment: Market commentary says Lam Research has strong upside potential, including one view that the stock could rise substantially over the next three years if revenue growth persists. How Much Upside Can LRCX Stock’s Growth Deliver?
- Neutral Sentiment: Unusual put options activity suggests some traders are positioning defensively, but one analysis argues the activity may also reflect confidence in valuation rather than outright bearishness. Unusual Put Options Activity in Lam Research Stock Highlights Its Value
- Neutral Sentiment: Director Eric Brandt sold 54,500 shares under a pre-arranged 10b5-1 plan; while worth watching, the transaction does not necessarily signal a change in fundamentals. SEC filing for director share sale
Lam Research Price Performance
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The company has a 50-day simple moving average of $289.51 and a 200-day simple moving average of $235.83. The company has a market cap of $461.89 billion, a price-to-earnings ratio of 69.69, a PEG ratio of 3.02 and a beta of 1.85.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts predict that Lam Research Corporation will post 5.7 earnings per share for the current year.
Lam Research Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.
Institutional Investors Weigh In On Lam Research
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Militia Capital Management LLC purchased a new stake in Lam Research in the 1st quarter valued at approximately $218,000. Rathbones Group PLC raised its position in shares of Lam Research by 1,013.2% in the 1st quarter. Rathbones Group PLC now owns 73,112 shares of the semiconductor company’s stock worth $15,621,000 after buying an additional 66,544 shares during the period. Wealthquest Corp raised its position in shares of Lam Research by 5.3% in the 1st quarter. Wealthquest Corp now owns 4,041 shares of the semiconductor company’s stock worth $863,000 after buying an additional 205 shares during the period. Parallel Advisors LLC raised its position in shares of Lam Research by 7.6% in the 1st quarter. Parallel Advisors LLC now owns 20,591 shares of the semiconductor company’s stock worth $4,400,000 after buying an additional 1,461 shares during the period. Finally, Foguth Wealth Management LLC. purchased a new position in shares of Lam Research in the 1st quarter worth $202,000. 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.
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