Lam Research (NASDAQ:LRCX) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Lam Research has been downgraded from a "buy" to a "hold" rating by Wall Street Zen.
• The company reported a net margin of 29.07% and a year-over-year revenue increase of 33.6%, with quarterly earnings surpassing analysts' expectations.
• Institutional investors own 84.61% of Lam Research's stock, highlighting significant institutional interest in the company.

Lam Research (NASDAQ:LRCX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently weighed in on LRCX. Citigroup boosted their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Cantor Fitzgerald boosted their target price on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. TD Cowen boosted their target price on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Erste Group Bank started coverage on Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating on the stock. Finally, Needham & Company LLC boosted their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Stock Up 0.5%

LRCX stock traded up $0.60 during mid-day trading on Friday, reaching $126.92. 24,270,137 shares of the company traded hands, compared to its average volume of 9,983,844. The stock has a market cap of $160.05 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.63 and a beta of 1.76. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $128.70. The firm's 50 day moving average price is $103.36 and its 200 day moving average price is $88.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bahl & Gaynor Inc. raised its holdings in Lam Research by 1.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 5,602 shares of the semiconductor company's stock valued at $545,000 after acquiring an additional 102 shares during the period. BankPlus Wealth Management LLC raised its holdings in Lam Research by 2.0% during the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock valued at $511,000 after acquiring an additional 105 shares during the period. ORG Partners LLC raised its holdings in Lam Research by 7.3% during the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company's stock valued at $162,000 after acquiring an additional 114 shares during the period. Quotient Wealth Partners LLC raised its holdings in Lam Research by 2.1% during the 2nd quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company's stock valued at $529,000 after acquiring an additional 114 shares during the period. Finally, Fairvoy Private Wealth LLC raised its holdings in Lam Research by 3.0% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company's stock valued at $407,000 after acquiring an additional 120 shares during the period. Institutional investors own 84.61% of the company's stock.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.