NEW YORK (TheStreet) -- Shares of Lam Research (LRCX) - Get Report were falling 3.9% to $75.90 with heavy trading volume Wednesday due to analysts' concerns of slower DRAM demand.

In a research note JPMorgan (JPM) - Get Report analyst Harlan Sur said that Samsung (SSNLF) , the largest DRAM supplier in the world, recently postponed a "meaningful level" of equipment orders and deliveries for its Line-17 DRAM by about 1 to 2 quarters. The delay is a sign that Samsung is "slowing down its capacity ramp likely as a result of a view that it will achieve its internal bit supply growth targets without ramping Line-17 as hard as it previously anticipated and also potentially taking into account slightly more seasonal weakness in DRAM pricing here at the beginning of the year," Sur wrote.

Jefferies analysts expect current DRAM pricing weaknesses to continue into the second quarter of 2015 due to weak PC demand. The firm said that smartphone growth should lead to more stable pricing coming out of the second quarter, however.

During its fiscal second quarter earnings call in January Lam Research, a semiconductor processing equipment maker, said it expects DRAM bit growth of about 30% in 2015.

About 2.7 million shares of Lam Research were traded by 12:33 p.m. Wednesday, above the company's average trading volume of about 1.7 million shares a day.

TheStreet Ratings team rates LAM RESEARCH CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate LAM RESEARCH CORP (LRCX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 44.86% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, LRCX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
• LAM RESEARCH CORP has improved earnings per share by 14.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, LAM RESEARCH CORP increased its bottom line by earning $3.68 versus $0.67 in the prior year. This year, the market expects an improvement in earnings ($4.81 versus $3.68).
• Despite its growing revenue, the company underperformed as compared with the industry average of 10.6%. Since the same quarter one year prior, revenues rose by 10.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
• LRCX's debt-to-equity ratio is very low at 0.26 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, LRCX has a quick ratio of 2.24, which demonstrates the ability of the company to cover short-term liquidity needs.
• You can view the full analysis from the report here: LRCX Ratings Report