Lam Research (NASDAQ:LRCX) Stock Price Down 1.2% on Insider Selling

Shares of Lam Research Corporation (NASDAQ:LRCX) were down 1.2% during trading on Tuesday following insider selling activity. The stock traded as low as $220.25 and last traded at $226.61. Approximately 7,899,213 shares were traded during trading, a decline of 43% from the average daily volume of 13,806,510 shares. The stock had previously closed at $229.28.

Specifically, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Dbs Bank upped their price target on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a research report on Monday, December 15th. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a report on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Summit Insights raised Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Trading Up 3.8%

The firm has a market cap of $293.61 billion, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.78. The business has a 50 day moving average of $198.74 and a 200 day moving average of $153.46. 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 announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s payout ratio is presently 21.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stirlingshire Investments Inc. bought a new position in shares of Lam Research in the fourth quarter valued at $315,000. Picton Mahoney Asset Management acquired a new stake in shares of Lam Research during the fourth quarter worth approximately $13,607,000. Mill Capital Management LLC boosted its stake in shares of Lam Research by 0.4% during the 4th quarter. Mill Capital Management LLC now owns 35,150 shares of the semiconductor company’s stock valued at $6,017,000 after buying an additional 150 shares during the period. Hoxton Planning & Management LLC increased its position in Lam Research by 1.2% in the 4th quarter. Hoxton Planning & Management LLC now owns 4,452 shares of the semiconductor company’s stock worth $762,000 after purchasing an additional 52 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Lam Research by 251.9% in the fourth quarter. Meeder Asset Management Inc. now owns 24,809 shares of the semiconductor company’s stock valued at $4,247,000 after acquiring an additional 17,758 shares during the last quarter. 84.61% of the stock is currently owned by 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.