Keybanc has downgraded Lam Research Corp (LRCX) to Sector Weight from Overweight, a decision made on September 22, 2025. The current share price stands at $140.53.
This move underscores increased caution regarding Lam Research's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could affect performance.
As a leading player in the semiconductor industry, Lam Research engages in the design, manufacture, and marketing of semiconductor processing equipment. The company, headquartered in Fremont, California, employs approximately 19,000 people and serves a diverse customer base that includes semiconductor memory manufacturers, foundries, and integrated device manufacturers.
With a market capitalization of $186.9 billion, Lam Research has a trailing P/E ratio of 32.17 and an EPS of 4.54. The company is also notable for its substantial dividend yield of 69.9%.
Looking ahead, Lam Research is scheduled to report its next earnings on July 28, 2026, with an estimated EPS of $1.25 and revenue of $5.5 billion. The company has shown a pattern of exceeding earnings expectations in recent quarters, including a Q1 2026 EPS of $1.26, surpassing estimates by 1.1%.
Analyst ratings provide a framework for understanding market sentiment, but they should be considered alongside other factors such as company fundamentals and industry trends. The consensus among analysts remains positive, with 10 Strong Buy, 18 Buy, and 10 Hold ratings as of November 1, 2025.
Such decisions reflect the dynamic nature of market assessments, where ratings can shift as new information emerges.