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

Lam Research Corporation (NASDAQ:LRCX) shares traded down 1.8% during trading on Tuesday . The company traded as low as $256.71 and last traded at $258.37. 7,777,572 shares changed hands during trading, a decline of 31% from the average session volume of 11,318,113 shares. The stock had previously closed at $263.16.

Analyst Ratings Changes

A number of brokerages recently issued reports on LRCX. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 price target (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Argus increased their target price on Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. TD Cowen boosted their target price on shares of Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Barclays raised their price target on shares of Lam Research from $250.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $247.26.

Lam Research Stock Performance

The firm has a 50 day moving average of $232.56 and a 200-day moving average of $195.31. The company has a market cap of $322.64 billion, a P/E ratio of 52.94, a PEG ratio of 2.85 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 5.3 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio is 21.31%.

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research in the 1st quarter worth $26,000. PMV Capital Advisers LLC bought a new stake in Lam Research during the fourth quarter valued at about $25,000. Bayban purchased a new position in Lam Research in the fourth quarter valued at about $26,000. Mcguire Capital Advisors Inc. bought a new position in Lam Research in the fourth quarter worth about $27,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of Lam Research during the fourth quarter valued at about $29,000. Institutional investors own 84.61% of the company’s stock.

About Lam Research

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.