Lam Research (NASDAQ:LRCX) Shares Down 2.1% – What’s Next?

Posted by Geri Gentry on Jun 4th, 2026

Lam Research Corporation (NASDAQ:LRCX – Get Free Report) dropped 2.1% during trading on Thursday . The company traded as low as $324.71 and last traded at $336.41. Approximately 8,171,001 shares changed hands during trading, a decline of 24% from the average daily volume of 10,752,909 shares. The stock had previously closed at $343.71.

Key Stories Impacting Lam Research

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

Positive Sentiment: Analyst and hedge fund commentary remains constructive on Lam Research, citing strong demand trends in AI-related chip manufacturing and upside potential that could support further gains. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
Positive Sentiment: Lam Research’s strong cash flow is supporting share buybacks, with about $4.3 billion still authorized, which can be a favorable signal for shareholder returns as AI-driven revenues and margins improve. Will Strong Cash Flows Support Lam Research’s Buyback Strategy Ahead?
Positive Sentiment: Coverage describing Lam as a top long-term and wide-moat semiconductor stock is reinforcing the bullish narrative around durable earnings power and market-share resilience. Top Wide-Moat Stocks to Buy for Steady Long-Term Returns

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Seaport Research Partners started coverage on shares of Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 price objective for the company. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.30.

Read Our Latest Stock Analysis on LRCX

Lam Research Price Performance

The company has a market cap of $420.70 billion, a PE ratio of 63.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.85. The business’s 50 day moving average price is $269.87 and its 200-day moving average price is $224.85. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Insider Buying and Selling

In other news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research 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 sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,839 shares of company stock worth $8,561,667 in the last quarter. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of hedge funds have recently made changes to their positions in LRCX. Brighton Jones LLC grew its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Lam Research during the first quarter worth approximately $239,000. Gabelli Funds LLC acquired a new stake in shares of Lam Research during the second quarter worth approximately $253,000. NewEdge Advisors LLC grew its position in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after buying an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. grew its position in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after buying an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.