Lam Research (NASDAQ:LRCX) Trading Down 1.8% – Time to Sell?

Lam Research Corporation (NASDAQ:LRCX)’s stock price traded down 1.8% on Wednesday . The company traded as low as $199.80 and last traded at $203.1750. 14,827,497 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 15,458,458 shares. The stock had previously closed at $206.96.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Rothschild & Co Redburn raised their target price on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Cowen reissued a “buy” rating on shares of Lam Research in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Berenberg Bank upped their target price on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $180.00 target price on shares of Lam Research in a research report on Friday. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.37.

Lam Research Price Performance

The company has a 50 day simple moving average of $165.99 and a 200 day simple moving average of $132.80. The company has a market capitalization of $274.27 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous 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. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, December 3rd. Lam Research’s payout ratio is currently 22.91%.

Insider Buying and Selling at Lam Research

In related news, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction 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 sale, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 102,608 shares of company stock worth $14,916,496 over the last three months. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lam Research

Several hedge funds have recently modified their holdings of LRCX. Gryphon Financial Partners LLC boosted its position in shares of Lam Research by 4.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $300,000 after buying an additional 68 shares during the period. Gilliland Jeter Wealth Management LLC raised its holdings in shares of 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 valued at $3,548,000 after buying an additional 69 shares during the period. Gold Investment Management Ltd. lifted its position in Lam Research by 0.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after acquiring an additional 70 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Lam Research by 8.1% in the 4th quarter. Rosenberg Matthew Hamilton now owns 939 shares of the semiconductor company’s stock worth $161,000 after acquiring an additional 70 shares during the period. Finally, Hemington Wealth Management grew its position in Lam Research by 4.3% in the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after acquiring an additional 72 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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.