Lam Research (NASDAQ:LRCX) Stock Price Down 5.8% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX)’s stock price traded down 5.8% during trading on Monday . The company traded as low as $326.90 and last traded at $329.92. Approximately 9,753,757 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 11,348,813 shares. The stock had previously closed at $350.33.

Analyst Ratings Changes

LRCX has been the topic of several research analyst reports. Seaport Research Partners initiated coverage on shares of Lam Research in a report on Monday, May 4th. They issued a “buy” rating and a $300.00 price objective on the stock. Evercore lifted their price target on shares of Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Susquehanna restated a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Citigroup reiterated a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Finally, New Street Research boosted their target price on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Twenty-eight research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.81.

Lam Research Stock Performance

The company has a market capitalization of $412.61 billion, a price-to-earnings ratio of 62.25, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $334.89 and its 200-day simple moving average is $264.23.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts predict that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,339 shares of company stock valued at $27,680,267 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LRCX. Cedar Mountain Advisors LLC lifted its stake in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in Lam Research during the first quarter worth approximately $26,000. PMV Capital Advisers LLC acquired a new stake in Lam Research during the fourth quarter worth approximately $25,000. Bayban purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at $27,000. 84.61% of the stock is 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.