Lam Research (NASDAQ:LRCX) Stock Price Down 1.8% – What’s Next?

Lam Research Corporation (NASDAQ:LRCX) shares dropped 1.8% on Friday . The company traded as low as $153.20 and last traded at $159.35. Approximately 11,587,415 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 11,863,616 shares. The stock had previously closed at $162.19.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRCX. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $170.00 price target on shares of Lam Research in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Berenberg Bank raised their price objective on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.54.

Lam Research Price Performance

The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $133.76 and a 200-day moving average of $105.64. The firm has a market capitalization of $200.15 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released 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. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is currently 22.91%.

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 62,498 shares of company stock valued at $8,875,663. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several large investors have recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC boosted its position in Lam Research by 0.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after buying an additional 69 shares during the period. Gold Investment Management Ltd. raised its stake in shares of Lam Research by 0.5% during the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after acquiring an additional 70 shares during the last quarter. Hemington Wealth Management lifted its holdings in shares of Lam Research by 4.3% during the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 72 shares during the period. Magnus Financial Group LLC grew its stake in shares of Lam Research by 0.3% in the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock worth $3,058,000 after purchasing an additional 76 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in Lam Research by 2.8% in the third quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after purchasing an additional 77 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.