Lam Research (NASDAQ:LRCX) Trading Down 2.7% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX)’s stock price fell 2.7% during trading on Tuesday . The company traded as low as $213.39 and last traded at $214.38. 12,722,969 shares traded hands during trading, a decline of 12% from the average session volume of 14,503,075 shares. The stock had previously closed at $220.40.

More Lam Research News

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

• Positive Sentiment: Bank of America raised its price target on LRCX from $195 to $245 and reiterated a “buy” rating, signaling sizable analyst upside and supporting investor confidence. Benzinga
• Positive Sentiment: Analysts expect continued earnings strength into the next quarter with forecasts for double-digit earnings growth, reinforcing the view that Lam is benefiting from a stronger semiconductor equipment cycle. What to Expect From Lam Research’s Q2 2025 Earnings Report
• Positive Sentiment: Coverage noting LRCX hit a 52-week high highlights momentum and improved fundamentals that have attracted fresh interest from investors and traders. Lam Research Corporation (LRCX) Hit a 52 Week High
• Positive Sentiment: Feature pieces discuss structural drivers that could sustain upside—AI and advanced logic demand for wafer-fab equipment are commonly cited as multi-quarter tailwinds. What Could Keep Driving Lam Research Stock Higher?
• Positive Sentiment: Investor pieces propose trade ideas around the stock near the high, reflecting active options and long/short interest from market participants. Could This Be A Win-Win Trade On Lam Research Stock?
• Neutral Sentiment: Comparative rundowns vs. other semiconductor equipment names provide context for performance but don’t change the core thesis—Lam remains a cycle-exposed leader. Q3 rundown
• Neutral Sentiment: Short-interest data reported for January appears inconsistent/zero in the feed and is not signaling a meaningful short squeeze or pressure at this time. (Data anomaly; monitor updates.)
• Negative Sentiment: Centrist criticism from commentators (e.g., Jim Cramer) urging Lam to “put up plants” raises the prospect of heavy future capex or capacity execution risk—an overhang if investors fear dilution or mis-timed spending. Lam Research Needs to “Put Up Plants,” Says Jim Cramer

Analyst Ratings Changes

A number of brokerages have recently issued reports on LRCX. Needham & Company LLC boosted their target price on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Bank of America raised their target price on shares of Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday. Twenty-six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $172.87.

Lam Research Stock Performance

The stock has a market capitalization of $269.27 billion, a PE ratio of 47.22, a P/E/G ratio of 2.52 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The firm has a 50 day moving average of $167.18 and a 200-day moving average of $134.20.

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, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 50,418 shares of company stock valued at $7,667,305 in the last quarter. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings 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 worth $1,025,000 after buying an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new stake in Lam Research in the first quarter worth approximately $239,000. Geneos Wealth Management Inc. increased its stake in shares of Lam Research by 65.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,252 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 1,286 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Lam Research by 17.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 15,259 shares of the semiconductor company’s stock valued at $1,485,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of Lam Research by 24.0% in the 2nd quarter. Wesbanco Bank Inc. now owns 4,004 shares of the semiconductor company’s stock valued at $390,000 after purchasing an additional 776 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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.