Lam Research (NASDAQ:LRCX) Trading Down 1.1% – What’s Next?

Shares of Lam Research Corporation (NASDAQ:LRCX) traded down 1.1% during mid-day trading on Thursday . The stock traded as low as $231.42 and last traded at $237.39. 6,366,925 shares traded hands during trading, a decline of 51% from the average session volume of 12,920,176 shares. The stock had previously closed at $240.09.

Analyst Ratings Changes

LRCX has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. B. Riley Financial reiterated a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. New Street Research raised their price objective on shares of Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Rothschild & Co Redburn upped their target price on shares of Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Stock Down 1.1%

The firm has a market cap of $296.45 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 2.53 and a beta of 1.78. The stock has a 50-day moving average of $206.05 and a 200-day moving average of $158.29. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.

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

Lam Research Announces Dividend

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

Insider Activity

In related news, Director Eric Brandt sold 35,000 shares of Lam Research 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 transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research during the fourth quarter worth $25,000. Core Wealth Advisors LLC acquired a new position in Lam Research in the 4th quarter worth about $29,000. University of Illinois Foundation purchased a new stake in shares of Lam Research during the 4th quarter worth about $30,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lam Research during the 4th quarter worth about $33,000. Finally, Stance Capital LLC acquired a new stake in shares of Lam Research during the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors 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.