Lam Research (NASDAQ:LRCX) Stock Price Down 5.2% – Time to Sell?

Posted by George Bondi on Aug 28th, 2026

Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s stock price was down 5.2% during trading on Friday . The stock traded as low as $301.05 and last traded at $301.90. Approximately 8,031,562 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 11,045,705 shares. The stock had previously closed at $318.58.

Trending Headlines about Lam Research

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

Positive Sentiment: Lam Research broke ground on a 120,000-square-foot Oregon laboratory as the first step in a planned investment of more than $3 billion in its global lab network over five years. The facility is intended to support collaboration with chipmakers and accelerate semiconductor equipment development for advanced AI chips. Lam Research breaks ground on AI semiconductor lab in Oregon
Positive Sentiment: The board approved a 27% increase in the quarterly dividend, raising it from $0.26 to $0.33 per share. The dividend is payable October 14 to shareholders of record September 23, modestly improving shareholder returns and signaling confidence in cash generation. Lam Research Corporation Announces a 27% Increase in Quarterly Dividend
Neutral Sentiment: Lam Research is preparing for the November 2 retirement of directors Michael R. Cannon and Sohail U. Ahmed. The planned governance transition could refresh the board, but investors may initially monitor its effect on oversight and strategy. Lam Research Announces Retirement of Michael R. Cannon and Sohail U. Ahmed from Board of Directors
Neutral Sentiment: Lam’s latest earnings exceeded expectations, with adjusted earnings of $1.82 per share and revenue of $6.72 billion, while revenue grew 30% year over year. Analysts continue to see upside, with a reported median price target of $375, although Mizuho recently lowered its target to $365. Why Is Lam Research Up Since Its Last Earnings Report?
Negative Sentiment: Investors are increasingly focused on China-related tariffs, export restrictions and geopolitical risk. China was Lam’s largest geographic market in fiscal 2026, leaving the company particularly exposed to any deterioration in U.S.-China semiconductor trade policy. Lam Research Slides as China Trade Risk Appears to Outweigh Dividend Hike
Negative Sentiment: Reported insider-trading data shows substantial open-market selling by executives and directors, with no purchases during the past six months. While such sales may reflect compensation or diversification, the pattern can weigh on sentiment.

Wall Street Analyst Weigh In

LRCX has been the topic of several recent research reports. Sanford C. Bernstein raised their price objective on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research report on Monday, July 20th. Stifel Nicolaus boosted their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Citigroup reissued a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $357.31.

Read Our Latest Report on LRCX

Lam Research Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The company’s fifty day moving average price is $332.17 and its 200 day moving average price is $289.05. The company has a market cap of $377.77 billion, a PE ratio of 52.41, a P/E/G ratio of 1.24 and a beta of 1.84.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is 18.06%.

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,441 shares of company stock worth $27,614,296 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LRCX. California State Teachers Retirement System raised its position in shares of Lam Research by 42,619.5% in the 2nd quarter. California State Teachers Retirement System now owns 821,470,614 shares of the semiconductor company’s stock worth $355,967,861,000 after acquiring an additional 819,547,672 shares in the last quarter. Norges Bank bought a new position in Lam Research in the fourth quarter worth $3,645,427,000. Price T Rowe Associates Inc. MD lifted its position in Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after buying an additional 10,666,540 shares during the period. Van ECK Associates Corp grew its position in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after buying an additional 8,922,854 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Lam Research during the second quarter worth about $3,777,585,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Company Profile

(Get Free Report)

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.