Mizuho Has Lowered Expectations for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its price objective reduced by stock analysts at Mizuho from $365.00 to $360.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target points to a potential upside of 38.03% from the stock’s current price.

Several other brokerages have also issued reports on LRCX. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Evercore set a $315.00 price target on Lam Research in a research report on Tuesday. Berenberg Bank set a $420.00 price target on Lam Research in a research report on Wednesday, September 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $385.00 price target (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $375.00 price objective on shares of Lam Research in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $361.68.

Lam Research Price Performance

LRCX stock opened at $260.81 on Thursday. Lam Research has a 1 year low of $135.50 and a 1 year high of $438.50. The company has a market cap of $326.38 billion, a P/E ratio of 45.28, a PEG ratio of 0.96 and a beta of 1.85. The firm has a 50-day moving average of $306.08 and a 200 day moving average of $309.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.18 by $0.02. The business had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. On average, sell-side analysts forecast that Lam Research will post 9.35 EPS for the current year.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LRCX. Polaris Financial Partners bought a new position in Lam Research in the third quarter worth approximately $4,814,000. Bank of America Corp DE boosted its position in Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares in the last quarter. Rokos Capital Management LLP increased its holdings in shares of Lam Research by 42.0% in the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after acquiring an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Lam Research in the 1st quarter valued at $59,973,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Lam Research in the 1st quarter valued at $26,489,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research reported fiscal Q1 revenue of $8.22 billion, up 54.4% year over year, and adjusted earnings of $2.20 per share. Both figures narrowly exceeded Wall Street expectations of $8.14 billion and $2.18 per share. Lam Research financial results
• Positive Sentiment: Management guided for approximately $8.6 billion in next-quarter revenue, broadly in line with analyst forecasts, while continuing to see strong demand from AI infrastructure and memory-chip customers. Lam Research results and guidance
• Positive Sentiment: Longer-term growth opportunities include expected cumulative Aether dry-resist revenue of $2.5 billion and more than 30% annual growth in the Customer Support Business Group. Lam Research long-term investor takeaways
• Neutral Sentiment: The earnings beat was relatively small, and the next-quarter outlook largely matched expectations rather than raising forecasts. That limited the potential for a positive surprise after the stock’s substantial prior rally. Lam Research outlook
• Negative Sentiment: Supply constraints are preventing Lam from fully converting demand into sales, while management expects China’s revenue contribution to fall substantially from 35% in September. These issues raise concerns about near-term growth and regional exposure. Lam Research supply and China update
• Negative Sentiment: The results reignited fears that AI infrastructure spending and semiconductor capital expenditures may not justify elevated expectations. The weakness has spread across chip stocks, making LRCX’s decline partly sector-driven. Chip stock rebound and AI spending fears

Lam Research Company Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.