Lam Research (NASDAQ:LRCX) Stock Price Down 1.2% – Time to Sell?
by Jessica Moore · The Cerbat GemLam Research Corporation (NASDAQ:LRCX – Get Free Report)’s share price dropped 1.2% during trading on Tuesday . The stock traded as low as $173.59 and last traded at $173.78. Approximately 5,662,116 shares traded hands during trading, a decline of 52% from the average daily volume of 11,712,546 shares. The stock had previously closed at $175.87.
Analyst Ratings Changes
Several brokerages have recently weighed in on LRCX. Wells Fargo & Company lifted their price objective on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Jefferies Financial Group restated a “buy” rating and issued a $200.00 price target (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. Dbs Bank upped their target price on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Needham & Company LLC raised their target price on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.
View Our Latest Analysis on LRCX
Lam Research Stock Down 1.2%
The stock has a market capitalization of $218.27 billion, a P/E ratio of 38.28, a PEG ratio of 2.06 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. The company has a fifty day moving average price of $159.03 and a 200-day moving average price of $127.05.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter 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 forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.
Lam Research Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s dividend payout ratio is 22.91%.
Insider Buying and Selling at Lam Research
In related news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in Lam Research in the second quarter valued at approximately $26,000. Stance Capital LLC bought a new position in Lam Research in the 3rd quarter valued at about $26,000. Howard Hughes Medical Institute bought a new stake in shares of Lam Research in the second quarter valued at about $27,000. Triumph Capital Management bought a new stake in shares of Lam Research in the third quarter valued at approximately $27,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Lam Research in the second quarter valued at about $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.
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.